https://www.taxtmi.com/news?id=72572 Fraudulent availment and utilisation of Input Tax Credit through bogus invoices was detected in a GST evasion network involving a non-functional entity that passed fake ITC without actual supply of goods or services. Investigation also identified a smartphone trading entity as the principal beneficiary, and the son of its director was found to have knowingly availed and utilised fake ITC through paper transactions, attracting contravention of Section 16 and liability under Section 132 of the CGST Act, 2017. en-us Wed, 29 Apr 2026 09:17:03 +0530 Wed, 29 Apr 2026 09:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72572 Fraudulent availment and utilisation of Input Tax Credit through bogus invoices was detected in a GST evasion network involving a non-functional entity that passed fake ITC without actual supply of goods or services. Investigation also identified a smartphone trading entity as the principal beneficiary, and the son of its director was found to have knowingly availed and utilised fake ITC through paper transactions, attracting contravention of Section 16 and liability under Section 132 of the CGST Act, 2017. News - Wed, 29 Apr 2026 09:17:03 +0530 https://www.taxtmi.com/news?id=72572