Bhubaneswar, Jan 13: Directorate General of GST Intelligence, Bhubaneswar Zonal Unit has arrested two persons for availing and utilising of fake input tax credit to the extent of Rs 6.89 crore on the strength of fake invoices.

The accused have been identified as Shyam Bihar (57) and Abhishek Gupta (30).

Officials said that both of them were involved in a fraudulent scheme of things by means of which they were availing fake ITC of Rs 6.89 crore without receipt of any goods or services through fake invoices to the tune of Rs 40 crore approximately.

“The arrests were made after carrying out detailed investigation and conducting searches at several premises to gather incriminating evidence, revealing their active involvement in the aforesaid fraudulent activities,” said an official.