Through the use of extensive data analytics, officers of Delhi East GST were able to identify and unravel a network of 46 fake firms which were operating since 2017 and had passed on fake ITC to multiple of beneficiaries
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.
advertisement
(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.