Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, arrested Maddi Prasad in Karnataka for allegedly being involved in a GST fraud involving bogus invoices worth ₹171.45 crore. This fraud resulted in tax evasion of ₹30.85 crore in Goods and Services Tax (GST).
The arrest followed an investigation by the tax authorities, who uncovered irregularities related to the supply of non-existent goods. The accused used the fake invoices to falsely claim input tax credits, thereby evading a substantial amount of tax liability.
The officials also stated that the fraudulent invoices were received by firms operated by Prasad and his family members, but no goods were actually received.
Prasad was arrested under Section 69 of the CGST Act, 2017, and produced before the Special Judge for Economic Offences Court, Visakhapatnam, the officials said.
