Page 14 - சேவை வரி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Power ministry seeks coal cess waiver for FGD power plants
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UMW hopes movement restrictions eased for faster recovery | Daily Express Online
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Professionals like CAs, lawyers involved in facilitating tax evasion
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GST officers bust network of 23 firms involved in fake ITC claims of Rs 550 cr
The 23 firms were floated in order to generate goods-less invoices with the intent to pass on fraudulent ITC without paying actual GST to the government The modus operandi involved floating of multiple firms with the intent to avail/utilize and passing on of inadmissible credit PTI
Updated Jul 12, 2021, 7:41 AM IST
GST officers have busted a network of 23 entities involved in creation of fake invoices worth Rs 551 crore and passing inadmissible input tax credit worth Rs 91 crore.
Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of about Rs 91 crore, the Finance Ministry said in a statement.
GST officers busts network of 23 firms for fraudulently claiming Rs 91 cr ITC
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