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According to the CGST officials, based on a tip-off received from the Central Intelligence Unit of CGST Mumbai Zone an investigation was initiated, which revealed that only invoices were issued and no supply of goods had taken place.
A team of CGST Commissionerate, Belapur, Mumbai Zone, busted a fake input tax credit (ITC) racket and arrested the proprietor of a Navi Mumbai-based firm.
A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake input tax credit (ITC) racket and arrested the proprietor of a Kalamboli-based firm.
The firm was allegedly engaged in availing and passing on of fake GST ITC of Rs 12 crore, by using bogus invoices of more than Rs 64 crores.
CGST (Central Goods and Services Tax) Commissionerate, Raigad busted a fake ITC racket and arrests the proprietor of a Kalamboli-based firm Ashok Metal Scrap for being engaged in availing and passing on fake GST Input Tax Credit (ITC) of Rs 12 crore by using bogus invoices of more than Rs 64 crore.