https://www.taxtmi.com/news?id=23792 Input tax credit manipulation via a multilayered network of fictitious firms produced and circulated fake GST credits; analytics identified a principal operator who created a firm in his name and arranged ITC from numerous sham entities on commission, with investigations tracing issuance of fake invoices and quantified fraudulent ITC. The conduct is treated under Section 132(1)(b) as a cognizable, non-bailable offence; the accused was arrested under Section 69(1) and remanded to judicial custody while further investigation proceeds. en-us Tue, 02 Mar 2021 16:04:38 +0530 Tue, 02 Mar 2021 16:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23792 Input tax credit manipulation via a multilayered network of fictitious firms produced and circulated fake GST credits; analytics identified a principal operator who created a firm in his name and arranged ITC from numerous sham entities on commission, with investigations tracing issuance of fake invoices and quantified fraudulent ITC. The conduct is treated under Section 132(1)(b) as a cognizable, non-bailable offence; the accused was arrested under Section 69(1) and remanded to judicial custody while further investigation proceeds. News - Tue, 02 Mar 2021 16:04:38 +0530 https://www.taxtmi.com/news?id=23792