<h1>GST registration cancelled after alleged fabricated Rs 55.49 crore sales, wrongful Rs 7.29 crore input tax credit; IPC 419,420,467,468,471</h1> A local trading firm's GST registration was cancelled after state tax authorities alleged fabricated sales of Rs 55.49 crore and wrongful passage of input tax credit of Rs 7.29 crore, causing an estimated revenue loss of about Rs 7 crore; investigators found no invoices, transport records or actual goods and say the transactions involved traders with fraudulently obtained GST registrations. A criminal complaint was filed against the firm's owner and police registered a case under IPC Sections 419, 420, 467, 468 and 471; prosecution and further investigation by tax and law enforcement authorities are underway.