Bengaluru Tax Officials Arrest Lead Ingot Firm Director in ₹44.8 Crore GST Evasion

Bengaluru: In a major crackdown on tax evasion, Bengaluru tax authorities have arrested the director of a prominent lead ingot firm for allegedly evading Goods and Services Tax (GST) amounting to ₹44.8 crore.

According to officials from the Directorate General of GST Intelligence (DGGI), the accused had manipulated tax filings, concealed sales data, and issued fake invoices to evade taxes. The firm allegedly used shell companies to fabricate transactions and claim fraudulent input tax credit (ITC).

During the investigation, officials uncovered extensive documentation revealing how the firm routed transactions through multiple fake entities to create a web of deceit. The accused director was taken into custody under the CGST Act, 2017, and is currently being questioned regarding the extent of the fraud and other possible accomplices.

Authorities emphasized their commitment to tackling tax evasion, warning businesses that stringent action will follow against those who attempt to defraud the government.

The Bengaluru GST department urges businesses to adhere to tax regulations and ensure accurate filings to avoid legal consequences. Further investigation is ongoing to identify additional entities involved in the fraudulent scheme.

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