Maharashtra: Inter-state GST invoice racket busted

Nagpur, November 18

An inter-state tax invoice racket with fake transactions of over Rs 131 crore and fraudulent input tax credit of over Rs 26 crore was busted by the Nagpur unit of the Directorate General of GST Intelligence (DGGI), an official said on Wednesday.

The racket involves three tax payers, one from Maharashtra and two others from Karnataka, who are involved in supplying labour and providing contract services, a release by DGGI stated.

The racket came to light when searches were conducted in remote areas of Chandrapur district against a taxpayer allegedly involved in issuing fake invoices and availing fraudulent input tax credit (ITC), it was stated.

Further probe revealed that the taxpayer was fake and documents uploaded on the GST portal as proof of address like electricity bills etc, were all forged and fabricated, it was stated.

According to the DGGI, details of two more taxpayers based in Karnataka were unearthed during the probe and it was revealed that the accused had taken GST registration on the same date, had declared same email addresses and were sole suppliers/buyers of each other.

Fraudulent ITC to the tune of Rs 26.09 crore has been detected, the DGGI said, adding that the process has been initiated to apprehend the kingpin of the racket who is based in Karnataka. — PTI

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link


Please enter your comment!
Please enter your name here


PM urges Services to abandon legacy systems, practices

Conveying his strong appreciation for the “resolute dedication” shown by the armed forces over the past year, in the...

Paris-New Delhi Air France flight makes emergency landing in Bulgaria as...

‘The passenger began to act up soon after take-off, quarrelling with other passengers, assaulting a flight attendant and pummelling the cockpit's door’ An Air...

West Bengal Assembly polls | TMC MLAs denied ticket keen on...

Several leaders of the Trinamool Congress including half a dozen MLAs have come out in the open protesting against the party decision to deny...

SC to hear plea on right of divorced daughter

The Supreme Court has agreed to examine whether a divorced daughter of a freedom fighter, without an independent source of income, is eligible for...

Protests continue in Myanmar after UN envoy urges action

Security forces in Myanmar again used force on Saturday to disperse anti-coup protesters, a day after the UN special envoy urged the Security Council...

More Articles