Itanagar, Feb 5: The Central Goods and Services Tax (GST) Itanagar Commissionerate has uncovered a massive racket involving the issuance of fake invoices valued at ₹658.55 crores without any actual supply of goods.
Investigations revealed that M/s Siddhi Vinayak Trade Merchants, a firm registered in Arunachal Pradesh, fraudulently facilitated the transfer of Input Tax Credit (ITC) worth ₹99.30 crores to 58 firms across the country.

“The fraudulent activities involved creating a firm with forged documents, issuing invoices without actual supply, and manipulating GST returns to unlawfully claim ITC, causing a loss of nearly ₹100 crores to the government exchequer,” said an official.
During searches, authorities seized 53 PAN/Aadhaar cards of different individuals, 17 rent agreements, and multiple KYC documents belonging to fictitious persons, highlighting the extensive scale of the fraud.
Based on an FIR lodged by the Central GST department, Itanagar Police apprehended two masterminds of the racket — Ashutosh Kumar Jha and Bipin Kumar Jha — from Darbhanga, Bihar.
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