In a major swoop, a man has been arrested for allegedly issuing fake invoices to claim Rs. 177.64-crore input tax credit.
This was confirmed by the central GST department.
The man has been identified as Ehsas Ali Saiyad, who is a resident of Vadodara.
The agency suspects that he was the mastermind of a scam involving issuing of fake invoices.
The 29-year-old allegedly floated 66 fake companies with as many dummy owners in whose name he issued tax invoices to claim input tax credit (ITC), it said.
The accused obtained GST registration, GST identity cards, login-password, SIM cards, bank accounts and online passwords in the name of these dummy owners, said the commissionerate.