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The firm was allegedly engaged in availing, utilizing and passing on a fraudulent ITC on the bogus invoices of around Rs 100 crores thereby defrauding the government exchequer. ....
The Central Goods and Services Tax (CGST) Commissionerate, Navi Mumbai busted a fake ITC racket of about Rs 21 crores and arrested the proprietor of Shree Ram Enterprise on Wednesday. ....