https://www.taxtmi.com/news?id=23362 Investigation uncovered fabricated supplier firms, false GST registrations and fake invoices used to obtain unlawful input tax credit. Bank transaction analysis showed transfers routed to entities controlled by two operators who admitted converting receipts into cash through angadias and supplying bogus bills via sham firms for commission. These firms availed and passed substantial fake input tax credit. On documentary and transactional evidence and confessions, the two operators were arrested and remanded to judicial custody while further investigation continues. en-us Fri, 20 Nov 2020 17:09:18 +0530 Fri, 20 Nov 2020 17:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23362 Investigation uncovered fabricated supplier firms, false GST registrations and fake invoices used to obtain unlawful input tax credit. Bank transaction analysis showed transfers routed to entities controlled by two operators who admitted converting receipts into cash through angadias and supplying bogus bills via sham firms for commission. These firms availed and passed substantial fake input tax credit. On documentary and transactional evidence and confessions, the two operators were arrested and remanded to judicial custody while further investigation continues. News - Fri, 20 Nov 2020 17:09:18 +0530 https://www.taxtmi.com/news?id=23362