https://www.taxtmi.com/news?id=24461 A criminal scheme generated and circulated fraudulent input tax credit using at least thirteen fictitious firms created on forged documents; a creator, a commission agent and a chartered accountant coordinated transfers from established firms to fake firms and then to a private company, from which cash was withdrawn and returned after commission deductions, resulting in a recorded fraudulent ITC of about Rs. 121 crore and arrests under GST penal provisions with investigations ongoing. en-us Wed, 15 Sep 2021 16:46:30 +0530 Wed, 15 Sep 2021 16:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24461 A criminal scheme generated and circulated fraudulent input tax credit using at least thirteen fictitious firms created on forged documents; a creator, a commission agent and a chartered accountant coordinated transfers from established firms to fake firms and then to a private company, from which cash was withdrawn and returned after commission deductions, resulting in a recorded fraudulent ITC of about Rs. 121 crore and arrests under GST penal provisions with investigations ongoing. News - Wed, 15 Sep 2021 16:46:30 +0530 https://www.taxtmi.com/news?id=24461