Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Two Businessmen Arrested for Rs. 40 Crore Fake GST Invoices; Ongoing Probe into Rs. 210 Crore Evasion Scheme.</h1> The Gurugram Zonal Unit of the Directorate General of GST Intelligence arrested two businessmen for issuing fraudulent input tax credit invoices totaling approximately Rs. 40 crores without actual goods supply. This case involves GST evasion on concocted supplies valued at Rs. 210 crores. The arrests follow a similar case involving Rs. 79.21 crores in evasion. The offenses are cognizable and non-bailable under the CGST Act, leading to their arrest and 14-day judicial custody. Investigations revealed fake billing among companies without goods movement, and further probes are ongoing to uncover other potential firms involved in the scheme.