https://www.taxtmi.com/news?id=21756 Fraudulent issuance of Input Tax Credit via fake invoices without actual supply is alleged, with searches recovering documents showing circular billing among companies and absence of goods movement, evidencing wrongful availment and utilization of credit; the conduct is being investigated as cognizable and non-bailable under the CGST framework, arrests and remand to judicial custody have followed and further enquiries aim to identify additional firms and quantify evasion. en-us Fri, 19 Jul 2019 12:10:50 +0530 Fri, 19 Jul 2019 12:10:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21756 Fraudulent issuance of Input Tax Credit via fake invoices without actual supply is alleged, with searches recovering documents showing circular billing among companies and absence of goods movement, evidencing wrongful availment and utilization of credit; the conduct is being investigated as cognizable and non-bailable under the CGST framework, arrests and remand to judicial custody have followed and further enquiries aim to identify additional firms and quantify evasion. News - Fri, 19 Jul 2019 12:10:50 +0530 https://www.taxtmi.com/news?id=21756