India, July 26 -- The anti-evasion wing of the Central Goods and Services Tax (CGST) Commissionerate, Gurugram, on Saturday said it has unearthed a Rs.200-crore input tax credit fraud and arrested four people, including two co-founders of a Gurugram-based auto service startup and two chartered accountants. The suspects were produced before the duty magistrate and sent to 14 days of judicial custody.

According to CGST officials, the fraud was executed through a network of nearly 30 shell companies that allegedly generated fake invoices without actual supply of goods or payment of GST. These invoices were then used to fraudulently claim input tax credit, causing an estimated loss of around Rs.200 crore to the national exchequer.

"The inve...