Fake GST invoice racket busted; kingpin arrested for siphoning 50cr - The Times of India

Chennai: The CGST Chennai north commissionerate uncovered a major fake GST invoice racket that generated fraudulent Input Tax Credit (ITC) worth 50.85 crore on bogus invoices estimated at around 300 crore. Officers arrested a key suspect, K Junaid Ahmed, who was running an unregistered tax consultancy, AS Associates, in Chennai, Bengaluru, and Vaniyambadi. According to GST officials, the network c…