https://www.taxtmi.com/news?id=23317 Enforcement action targeted a network that created multiple paper firms and issued bogus invoices to wrongfully obtain input tax credit. Investigation linked a central operator to fabrication of entities across jurisdictions, supported by seized electronic devices and documents, and established admission of creating numerous firms and passing fraudulent tax credits. Arrest prevented flight and judicial custody followed; investigations continue to identify associates and quantify the scheme. en-us Fri, 30 Oct 2020 09:40:00 +0530 Fri, 30 Oct 2020 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23317 Enforcement action targeted a network that created multiple paper firms and issued bogus invoices to wrongfully obtain input tax credit. Investigation linked a central operator to fabrication of entities across jurisdictions, supported by seized electronic devices and documents, and established admission of creating numerous firms and passing fraudulent tax credits. Arrest prevented flight and judicial custody followed; investigations continue to identify associates and quantify the scheme. News - Fri, 30 Oct 2020 09:40:00 +0530 https://www.taxtmi.com/news?id=23317