Gurugram, July 26 -- The anti-evasion wing of the Central Goods and Services Tax (CGST) Commissionerate, Gurugram, on Saturday said it had 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 accused were produced before the duty magistrate and remanded to 14 days of judicial custody. According to CGST officials, the fraud involved nearly 30 shell companies that allegedly generated fake invoices without any actual supply of goods or payment of GST to fraudulently claim input tax credit, causing an estimated loss of around Rs.200 crore to the exchequer. "The investigation revealed a well-planned and sophisticated network of shell companies used solely for invoice routing and artificial layering of transactions. There was billing on paper, but neither was tax deposited with the government nor was there any actual movement of goods," a CGST Gurugram spokesperson said. Officials said the six-to-eight-month probe, initiated on customs intelligence, uncovered multiple fictitious entities allegedly created to conceal fund flows. The two main accused are former founding directors of an on-demand automobile service and battery assistance startup established in 2016-17. An assistant commissioner, CGST Gurugram, said the accused were confronted with documentary and digital evidence, confessed during questioning and were arrested under the CGST Act. Officials said no recovery has been made so far, while investigators are also examining whether inflated records were intended to boost the company's valuation ahead of a proposed IPO and stake sale....