A Tamil Nadu man was arrested by GST officials in Visakhapatnam for orchestrating a massive ₹35 crore tax fraud. The suspect reportedly created a network of shell companies to claim fraudulent input tax credits, causing significant losses to the exchequer.
Investigations revealed that the accused exploited loopholes in the GST framework, issuing fake invoices to evade taxes. The operation highlights the growing challenge of combating financial fraud in the digital age. Officials have assured stricter measures to close loopholes and ensure compliance.
This case serves as a reminder for businesses to adhere to tax regulations and for authorities to continue strengthening oversight mechanisms.