https://www.taxtmi.com/news?id=21444 Two firms fraudulently availed and transferred input tax credit based on invoices from non-existent suppliers; the controller admitted using fake invoices to pass ITC to yarn spinners, conduct characterized as cognizable, non-bailable offences under the CGST regime, leading to arrest under the statutory arrest provision and remand to judicial custody while investigations and recoveries continue. en-us Fri, 21 Jun 2019 20:23:26 +0530 Sat, 22 Jun 2019 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21444 Two firms fraudulently availed and transferred input tax credit based on invoices from non-existent suppliers; the controller admitted using fake invoices to pass ITC to yarn spinners, conduct characterized as cognizable, non-bailable offences under the CGST regime, leading to arrest under the statutory arrest provision and remand to judicial custody while investigations and recoveries continue. News - Fri, 21 Jun 2019 20:23:26 +0530 https://www.taxtmi.com/news?id=21444