DGGI Uncovers GST ITC Fraud Worth Rs 177 Crore; Two Men Arrested

In an effort to crack down on GST evasion, the Directorate General of Goods and Services Tax Intelligence (DGGI) recently detained two individuals for their alleged involvement in a huge GST Input Tax Credit (ITC) fraud.

The arrested individuals are being identified as Siddagone Prabhaker and Ramavath Nagaraju Naik. These accused allegedly operated 66 fake companies. They were involved in a fake ITC racket of Rs 177 crore. This evasion was uncovered with the help of data analytics and inter-agency collaboration.

The arrest was made by DGGI’s Visakhapatnam Zonal Unit in Hyderabad under the relevant provisions of the CGST Act, 2017. However, the key individual, Aadi Reddy alias Anji Reddy, who is said to be the master mind in this fraud, is currently on the run.