A Mysuru-based scrap dealer has been arrested on the charges of issuing fake invoices to the tune of Rs 14 crore tax amount. The central GST commissionerate has launched a probe to find out the beneficiaries involved in the scam.
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.