GST authorities arrest 12 more in ongoing crackdown on fake invoicing
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Last Updated: Feb 23, 2021, 08:57 PM IST
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Synopsis
Several such instances have been unearthed by the authorities earlier where chartered accountants have been involved in bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit or ITC without actual supplies of goods or services.
Among those arrested is a chartered accountant who was involved in running fake firms to issue fraudulent invoices.
The Directorate General of GST Intelligence and Central GST Commissionerates have arrested 12 persons in a single day in the ongoing drive against fake goods and service tax (GST) invoice frauds, revenue department sources said.