TaxTMI 
TaxTMI 
TaxTMI 
'Fake' GST ITC case: ED raids in multiple states
X X X X Extracts X X X X
X X X X Extracts X X X X
....Fake' GST ITC case: ED raids in multiple states<BR>GST<BR>Dated:- 20-1-2026<BR>PTI<BR>New Delhi/Kolkata, Jan 20 (PTI) The Enforcement Directorate on Tuesday conducted multi-state searches in connectio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n with an alleged fake GST input tax credit case of Rs 658 crore that originated in Arunachal Pradesh, officials said. Multiple premises of individuals and companies linked to the case located in Jha....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rkhand, West Bengal and Manipur are being searched as part of an investigation being undertaken as per the provisions of the Prevention of Money Laundering Act (PMLA), they said. Input Tax Credit (IT....
X X X X Extracts X X X X
X X X X Extracts X X X X
....C) is a legal mechanism in the Goods and Services Tax (GST) system that allows business entities to reduce their tax liability by claiming credits on GST paid for business-related purchases. The ED I....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tanagar office in Arunachal Pradesh is conducting the operation in coordination with various state police forces. The money laundering case stems from an FIR of Itanagar Police where it was alleged t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....hat individuals named Rakesh Sharma and Ashutosh Kumar Jha availed "fraudulent" ITC through fake invoices without any actual supply of goods or services. A "non existent" company named Siddhi Vinaya....
X X X X Extracts X X X X
X X X X Extracts X X X X
....k Trade Merchants, where ITC of Rs 99.31 crore was availed on the strength of bogus invoices valued at 658.55 crore, and 58 shell entities spread across different states are under the scanner of the E....
X X X X Extracts X X X X
X X X X Extracts X X X X
....D. PTI NES DV DV<BR> News - Press release - PIB....