https://www.taxtmi.com/news?id=21892 DGGI found newly opened proprietorship accounts and benami firms claiming IGST refunds without business or export records; fake invoices, lack of corresponding purchases, and absent e-way bill movements indicated fraudulent refund claims. Investigation identified two principal operators who controlled multiple sham firms and obtained identity documents fraudulently; searches recovered evidence across premises and arrests were made under Section 67 of the CGST Act read with Section 20 of the IGST Act, 2017, while further inquiry continues. en-us Sat, 17 Aug 2019 09:32:10 +0530 Sat, 17 Aug 2019 09:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21892 DGGI found newly opened proprietorship accounts and benami firms claiming IGST refunds without business or export records; fake invoices, lack of corresponding purchases, and absent e-way bill movements indicated fraudulent refund claims. Investigation identified two principal operators who controlled multiple sham firms and obtained identity documents fraudulently; searches recovered evidence across premises and arrests were made under Section 67 of the CGST Act read with Section 20 of the IGST Act, 2017, while further inquiry continues. News - Sat, 17 Aug 2019 09:32:10 +0530 https://www.taxtmi.com/news?id=21892