Bengaluru, Feb 28 (IANS) The Directorate General of GST Intelligence (DGGI), Belagavi Zonal Unit, has uncovered a large-scale fake Input Tax Credit (ITC) scheme involving fraudulent invoices totalling approximately Rs 593 crore. The alleged mastermind was arrested in Bengaluru, according to an official statement issued Saturday. Mohammad Saifullah, a registered GST practitioner, has been identified as the mastermind behind the operation.He actively managed multiple non-existent and shell GSTINs,…
Latest CGST Act News & Updates
New Delhi, Feb 27 (IANS) Fino Payments Bank on Friday said in an exchange filing that its Managing Director and Chief Executive Officer (CEO), Rishi Gupta, has been arrested under provisions of the CGST and SGST Acts.The exchange filing said that an “arrest has been made of Mr. Rishi Gupta, Managing Director (MD and CEO) of Fino Payments Bank Limited (Bank) under the provisions of section 132(1)(a) and 132(1) (i) of CGST and SGST Act, 2017, respectively on February 27, 2026.”According to the…