The State GST Department has arrested Sahidul Islam, a resident of Boko, in connection with a massive fake Input Tax Credit (ITC) racket involving fraudulent transactions worth around Rs11 crore.
According to officials, the accused operated a bogus firm, M/s L.K. Enterprise, through which he allegedly generated and passed fake ITC to multiple entities, causing significant losses to government revenue.
The arrest followed months of investigation by the department’s Data Analytics & Intelligence Team, which had placed Islam under surveillance for nearly five months after identifying suspicious patterns through advanced data-tracking tools.
Acting on specific intelligence, authorities apprehended Islam under the provisions of the Goods and Services Tax (GST) Act.
“This arrest is a major step toward dismantling fake ITC networks that damage the integrity of the tax system,” said a senior GST official.
A further probe has been launched to uncover other individuals and firms connected to the racket. More arrests are expected as the investigation expands.
The GST Department reaffirmed its commitment to technology-driven enforcement to ensure compliance and protect government revenue from large-scale fraud.
