https://www.taxtmi.com/news?id=22655 Investigations found coordinated creation of non operational firms in Delhi NCR submitting fabricated invoices to claim accumulated Input Tax Credit refunds without actual supply of goods. Two individuals obtained KYC documents from proprietors to operate the scheme; searches, confessional statements and arrests followed. Administrative responses included payment of some refunds, partial recovery and withholding of pending claims, and criminal proceedings under Section 69 of the CGST Act. en-us Tue, 17 Mar 2020 14:48:30 +0530 Tue, 17 Mar 2020 14:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22655 Investigations found coordinated creation of non operational firms in Delhi NCR submitting fabricated invoices to claim accumulated Input Tax Credit refunds without actual supply of goods. Two individuals obtained KYC documents from proprietors to operate the scheme; searches, confessional statements and arrests followed. Administrative responses included payment of some refunds, partial recovery and withholding of pending claims, and criminal proceedings under Section 69 of the CGST Act. News - Tue, 17 Mar 2020 14:48:30 +0530 https://www.taxtmi.com/news?id=22655