https://www.taxtmi.com/news?id=25588 Availment of inadmissible Input Tax Credit on the basis of goods-less invoices prompted a DGGI investigation into M/s AKS Electrical and Electronics Ltd., linking purchases from M/s Abhishek Industries to alleged bogus ITC from non-existent entities. Verifications, documentary evidence and recorded statements indicated prima facie large-scale inadmissible credit claims. The Director was arrested under the GST Act and placed on judicial remand to facilitate further investigation. en-us Wed, 13 Jul 2022 17:37:34 +0530 Wed, 13 Jul 2022 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25588 Availment of inadmissible Input Tax Credit on the basis of goods-less invoices prompted a DGGI investigation into M/s AKS Electrical and Electronics Ltd., linking purchases from M/s Abhishek Industries to alleged bogus ITC from non-existent entities. Verifications, documentary evidence and recorded statements indicated prima facie large-scale inadmissible credit claims. The Director was arrested under the GST Act and placed on judicial remand to facilitate further investigation. News - Wed, 13 Jul 2022 17:37:34 +0530 https://www.taxtmi.com/news?id=25588