Rourkela, Odisha: The Rourkela Regional Unit of the Directorate General of GST Intelligence has uncovered an alleged fake Input Tax Credit racket worth around ₹50 crore and arrested the alleged mastermind behind the operation. Investigators allege that the network created multiple bogus GST firms and issued tax invoices without any actual supply of goods or services.
Alleged Mastermind Arrested
According to the DGGI, the arrested accused has been identified as 26-year-old Pinku Parida, a resident of Remed in Odisha’s Sambalpur district.
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The agency alleges that he was a key operator of a syndicate involved in generating fraudulent Input Tax Credit through multiple entities and passing the ineligible tax credit to other firms.
Officials said the accused had reportedly been staying in Raipur, Chhattisgarh, for the past six months while remaining under surveillance. Acting on information that he had returned to his native village of Remed, a DGGI team apprehended him.
Bogus GST Firms Under Scanner
During the investigation, DGGI officers conducted searches at multiple locations and seized electronic devices along with alleged incriminating digital evidence.
Officials said analysis of the seized material helped uncover the alleged fake ITC network involving transactions worth nearly ₹50 crore. Investigators allege that the network issued invoices without actual supply of goods or services to fraudulently generate, avail and pass on fake ITC.
The accused was brought to Rourkela, arrested after completion of legal formalities and produced before the competent court. The court remanded him to judicial custody.
Beneficiary Firms And Money Trail Being Traced
According to the DGGI, the investigation is continuing to identify other individuals connected to the alleged syndicate, beneficiary firms and the financial trail of the fraudulent transactions.
Officials are also examining how fake invoices were allegedly generated and how the ineligible tax credit was passed on to multiple entities.
The agency has indicated that further arrests and additional legal action may follow if more evidence emerges during the investigation. Digital records, financial transactions and the role of associated business entities are under detailed scrutiny.
The investigation remains ongoing, and the allegations against the accused will be subject to judicial determination based on evidence presented before the court.
