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The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has arrested Maddi Prasad in Karnataka for his alleged involvement in a massive GST fraud. The scam involved bogus invoices worth Rs171.45 crore, leading to a tax evasion of Rs30.85 crore in Goods and Services Tax.
Following a thorough investigation, tax authorities uncovered irregularities linked to the supply of non-existent goods. The accused reportedly used fake invoices to claim input tax credits fraudulently, resulting in substantial evasion of tax liabilities.
