https://www.taxtmi.com/news?id=22129 Large-scale GST fraud was uncovered involving 28 bogus entities that obtained GST registration using exploited KYC, issued goodless invoices and e-way bills, and used cheque-cash circulation to enable fraudulent Input Tax Credit claims and occasional IGST refund attempts; two persons were arrested, accounts frozen and several buyers admitted liability and paid sums towards wrongly availed ITC, with investigations continuing to identify principal beneficiaries and recover amounts. en-us Sat, 16 Nov 2019 14:59:38 +0530 Sat, 16 Nov 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22129 Large-scale GST fraud was uncovered involving 28 bogus entities that obtained GST registration using exploited KYC, issued goodless invoices and e-way bills, and used cheque-cash circulation to enable fraudulent Input Tax Credit claims and occasional IGST refund attempts; two persons were arrested, accounts frozen and several buyers admitted liability and paid sums towards wrongly availed ITC, with investigations continuing to identify principal beneficiaries and recover amounts. News - Sat, 16 Nov 2019 14:59:38 +0530 https://www.taxtmi.com/news?id=22129