https://www.taxtmi.com/news?id=20538 Arrests were made in a scheme of fraudulent issuance and utilisation of Input Tax Credit invoices without actual supply, involving circular fake billing, third party year end adjustments in place of invoice wise payments, and fabricated supplies with no movement of goods; searches recovered incriminating documents, investigations continue as the evasion quantum may increase, and the conduct is being treated as a non-bailable cognizable offence under the GST legal framework with some accused absconding. en-us Thu, 20 Sep 2018 18:02:20 +0530 Thu, 20 Sep 2018 18:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20538 Arrests were made in a scheme of fraudulent issuance and utilisation of Input Tax Credit invoices without actual supply, involving circular fake billing, third party year end adjustments in place of invoice wise payments, and fabricated supplies with no movement of goods; searches recovered incriminating documents, investigations continue as the evasion quantum may increase, and the conduct is being treated as a non-bailable cognizable offence under the GST legal framework with some accused absconding. News - Thu, 20 Sep 2018 18:02:20 +0530 https://www.taxtmi.com/news?id=20538