https://www.taxtmi.com/news?id=27005 A coordinated operation uncovered an interconnected syndicate of 48 paper or non existent firms issuing bogus invoices to wrongfully claim fraudulent input tax credit. The action, based on human intelligence and data analysis, led to three arrests, recovery of stamps, SIM cards and identity documents, and identification of a proprietor who had availed and passed on substantial fraudulent ITC. Further investigation into additional syndicate members is ongoing. en-us Tue, 21 Nov 2023 18:29:54 +0530 Tue, 21 Nov 2023 18:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27005 A coordinated operation uncovered an interconnected syndicate of 48 paper or non existent firms issuing bogus invoices to wrongfully claim fraudulent input tax credit. The action, based on human intelligence and data analysis, led to three arrests, recovery of stamps, SIM cards and identity documents, and identification of a proprietor who had availed and passed on substantial fraudulent ITC. Further investigation into additional syndicate members is ongoing. News - Tue, 21 Nov 2023 18:29:54 +0530 https://www.taxtmi.com/news?id=27005