Amaravati, Mar 26: The Directorate General of Goods and Services Tax Intelligence (DGGI) has arrested two persons in connection with a ₹177 crore fake Input Tax Credit (ITC) racket, as part of an intensified crackdown on organized GST evasion.
The arrests were made by DGGI’s Visakhapatnam Zonal Unit in Hyderabad following specific intelligence developed through data analytics and inter-agency coordination targeting inter-state fraud networks.
According to an official press release issued late Wednesday, the accused—Siddagone Prabhaker and Ramavath Nagaraju Naik—were allegedly operating 66 shell proprietorship firms as part of a well-organized GST evasion network.
The agency said the enforcement action is aimed at dismantling large-scale inter-state fraud structures and maintaining sustained pressure on tax evasion syndicates.
Another alleged mastermind, Aadi Reddy alias Anji Reddy, is currently absconding, the release added. (Agencies)
