₹440 crore fake invoice GST scam unearthed, one arrested

Officials of Directorate General of GST Intelligence (DGGI), Chennai Zonal Unit, have busted a racket involving issue of fake invoices without actual supply of goods to the tune of around ₹440 crore. This, in turn, resulted in fraudulent availment and utilisation of input tax credit of around ₹79 crore. One of three persons involved in the scam was arrested.  Preliminary investigation reveale…