Delhi South CGST unearths fake invoicing racket involving tax evasion of Rs. 17 crore, 2 held

Delhi South CGST unearths fake invoicing racket involving tax evasion of Rs. 17 crore, 2 held https://www.taxtmi.com/news?id=26345 Intelligence-led inspections of three registered entities revealed creation of bogus firms to generate goods-less invoices and circulate ineligible Input Tax Credit, with recovered documents and confessions indicating fraudulent claiming and passing of ITC without actual supplies. The operation identified substantial tax evasion and implicated persons for offences under 132(1)(b) and 132(1)(c) of the CGST Act; arrests were made and further investigation continues. en-us Mon, 20 Mar 2023 09:30:00 +0530 Mon, 20 Mar 2023 09:30:00 +0530 TaxTMI RSS Generator Delhi South CGST unearths fake invoicing racket involving tax evasion of Rs. 17 crore, 2 held https://www.taxtmi.com/news?id=26345 Intelligence-led inspections of three registered entities revealed creation of bogus firms to generate goods-less invoices and circulate ineligible Input Tax Credit, with recovered documents and confessions indicating fraudulent claiming and passing of ITC without actual supplies. The operation identified substantial tax evasion and implicated persons for offences under 132(1)(b) and 132(1)(c) of the CGST Act; arrests were made and further investigation continues. News - Mon, 20 Mar 2023 09:30:00 +0530 https://www.taxtmi.com/news?id=26345