https://www.taxtmi.com/news?id=22669 Investigation found a network of fictitious suppliers and shell firms issuing fake invoices to enable wrongful availment of Input Tax Credit; funds were routed through bank accounts and withdrawn in cash, indicating money laundering. Searches, summonses and provisional attachment of property and bank accounts were undertaken under the CGST Act when authorised signatories absconded or evaded investigation, leading to arrests and remands while further probe continues. en-us Fri, 20 Mar 2020 11:51:46 +0530 Fri, 20 Mar 2020 11:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22669 Investigation found a network of fictitious suppliers and shell firms issuing fake invoices to enable wrongful availment of Input Tax Credit; funds were routed through bank accounts and withdrawn in cash, indicating money laundering. Searches, summonses and provisional attachment of property and bank accounts were undertaken under the CGST Act when authorised signatories absconded or evaded investigation, leading to arrests and remands while further probe continues. News - Fri, 20 Mar 2020 11:51:46 +0530 https://www.taxtmi.com/news?id=22669