GST fraud: Taxmen arrest two in Bengaluru for fake ITC claim

GST fraud: Taxmen arrest two in Bengaluru for fake ITC claims using 30 shell companies

Two individuals have been arrested in Karnataka for allegedly cheating the government out of crores of rupees through a fake GST bill racket. The accused allegedly operated a syndicate that helped companies in the manpower and labour supply industry claim input tax credit based on fictitious transactions. The authorities suspect a revenue loss of around Rs 90 crore and are currently investigating transactions worth Rs 525 crore.

Related Keywords

Karnataka , India , , Guru Prakash , Commercial Taxes Commissionerc Shikha , Additional Commissioner , South Zone , Annies Kanmani Joy , Cgst Fraud , Karnataka Gst , Gst Bill Racket , Gst Law , Input Tax Credit Fraud ,

© 2025 Vimarsana