The demand order stems from a 60 percent central sales tax (CST) imposed on debit notes issued by UBL to Telangana State Beverage Corporation (TSBCL), Karnataka State Beverage Corporation (KSBCL), and Andhra Pradesh State Beverage Corporation (APBCL).
The Maharashtra State Goods & Service Tax (SGST) Department on Thursday arrested a man operating three firms for having allegedly availed Input Tax Credit (ITC) of Rs 41.67 crore from suspected non-genuine taxpayers by means of fake bills worth Rs 231.49 crore.