GST evasion of over Rs 500 crore by 46 Delhi-based firms unearthed

GST evasion of over Rs 500 crore by 46 Delhi-based firms unearthed
The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi, have exposed a multi-layered network of fictitious firms that were allegedly being used by their operators to generate and pass on fake ITC.
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(Photo: Reuters/Representational image)
The Central Goods and Services Tax department has unearthed a racket which was involved in GST evasion of over Rs 500 crore through 46 shell companies by using fake invoices and Input Tax Credit, officials said.
The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi, have also arrested the mastermind and have exposed a multi-layered network of fictitious firms that were allegedly being used by their operators to generate and pass on fake ITC.

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