https://www.taxtmi.com/news?id=23247 A tax-credit fraud was orchestrated through creation and operation of multiple fictitious firms and issuance of invoices without actual supply, resulting in passage of substantial fake input tax credit. Investigation indicates entities were created on forged and bogus documents which routed fraudulent ITC among non-existent firms. A central coordinator was identified, arrested, produced before the magistrate and remanded to judicial custody, while further multi-location investigations continue. en-us Fri, 09 Oct 2020 17:59:26 +0530 Fri, 09 Oct 2020 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23247 A tax-credit fraud was orchestrated through creation and operation of multiple fictitious firms and issuance of invoices without actual supply, resulting in passage of substantial fake input tax credit. Investigation indicates entities were created on forged and bogus documents which routed fraudulent ITC among non-existent firms. A central coordinator was identified, arrested, produced before the magistrate and remanded to judicial custody, while further multi-location investigations continue. News - Fri, 09 Oct 2020 17:59:26 +0530 https://www.taxtmi.com/news?id=23247