DGGI cracks bogus billing network; tech firm director taken into custody
The Directorate General of Goods and Services Tax Intelligence (DGGI) has unearthed a major case of tax evasion during a targeted operation conducted in Ahmedabad.
The investigation has revealed alleged GST evasion amounting to approximately Rs.1,500 crore, raising serious concerns over large-scale economic offences. An Ahmedabad-based firm, Techno Wire Data Science Limited, has emerged at the centre of the probe.
Bogus billing led to heavy loss to govt exchequer
According to preliminary findings, the company is suspected of causing significant losses to the government treasury through systematic financial irregularities.
DGGI officials stated that the firm allegedly engaged in large-scale malpractices by creating fake transactions and manipulating records. During raids conducted at multiple locations, investigators recovered documents and digital evidence pointing to fraudulent activity.
Wrongful input tax credit claim under scrutiny
The probe revealed that the accused company fraudulently generated bogus invoices to wrongfully avail Input Tax Credit (ITC) without actual supply of goods or services.
These false claims allegedly allowed the firm to siphon off substantial amounts from the tax system under the pretext of data science and technology services.
Company director arrested
In a significant development, the DGGI arrested Prabhat Somani, director of Techno Wire Data Science Limited, in connection with the case. Officials stated that his role was central to the execution of the alleged fraud. He has been produced before a court, and proceedings are underway to obtain his remand for further questioning.
Probe to trace money trail and other involved entities
Investigators are now focusing on identifying other individuals and entities linked to the scam. The agency is also examining where the diverted funds were transferred and whether shell companies or intermediaries were used. The investigation remains ongoing.
