10
Oct
In a major crackdown on tax evasion, the Commissionerate of State Goods and Services Tax (GST), Assam, has arrested a Tinsukia-based businessman, Ujjwal Kumar Agarwal, for his alleged involvement in a massive fake Input Tax Credit (ITC) racket valued at around ₹12 crore. The arrest comes after weeks of investigation that exposed a well-orchestrated scheme to defraud the state exchequer through bogus transactions and fabricated invoices. According to the Finance (Taxation) Department, the operation was part of an intensified state-wide effort to curb fake ITC claims that have led to significant revenue losses. Officials said the probe into Agarwal’s firm,…
