GUWAHATI: The Directorate General of GST Intelligence (DGGI), Guwahati Zonal Unit, dismantled a fake invoicing racket worth Rs. 100 crores, arresting two brothers, Aniket Sovasaria and Pritam Sovasaria, on charges of GST fraud.
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The Sovasaria brothers, both tax accountants, allegedly operated over 20 fake firms from Guwahati. They availed fake Input Tax Credit (ITC) worth Rs. 14 crores and passed on fake ITC worth Rs. 15 crores, causing substantial revenue loss.
Talking to GPlus, a DGGI official said, “This is the eighth arrest in our ongoing operations to tackle GST fraud."
The brothers reportedly issued fake invoices without supplying any goods or services, helping others claim illegitimate tax benefits. The authorities are now working to trace the full extent of the network and recover the lost revenue.
The accused are in judicial custody, while further investigation is under way.
