https://www.taxtmi.com/news?id=25315 A coordinated scheme to fraudulently claim and transfer Input Tax Credit was uncovered where entities controlled by one person used fake, suspended and non existent suppliers to avail and pass ITC without receipt of goods. Searches recovered pen drives, rubber stamps and records; the key accused was arrested, produced before the magistrate and placed in judicial custody, and further investigation and forensic examination of seized material is in progress. en-us Mon, 11 Apr 2022 18:20:05 +0530 Mon, 11 Apr 2022 18:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25315 A coordinated scheme to fraudulently claim and transfer Input Tax Credit was uncovered where entities controlled by one person used fake, suspended and non existent suppliers to avail and pass ITC without receipt of goods. Searches recovered pen drives, rubber stamps and records; the key accused was arrested, produced before the magistrate and placed in judicial custody, and further investigation and forensic examination of seized material is in progress. News - Mon, 11 Apr 2022 18:20:05 +0530 https://www.taxtmi.com/news?id=25315