The Directorate General of GST Intelligence (DGGI), Ludhiana has arrested three persons involved in illegal sale of products worth Rs. 647.4 crores from six business entities, that has led to GST evasion of Rs. 116.5 crores.

Thes Mandi Gobindgarh based six firms in Punjab are M/s Bharat Steel Industry, M/s Ramji Concast, M/s AKM Alloys, M/s KTB Alloys, M/s Shree Salasar Balaji Steel Tubes and M/s Shree Salasar Steel Tubes & Co. They were manufacturing billets (solid lengths of metal) and trading of pipes. The investigation by DGGI Ludhiana unearthed and seized many pieces of incriminating evidence against these entities.

According to DGGI sources, these three arrested persons were largely owning and controlling these businesses. They have been sent to judicial custody. DGGI is the Government of India’s premier Intelligence and Investigating Agency for GST tax evasion, functioning under the Ministry of Finance.