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Fake billing scam: GST officers unearth tax credit racket worth ₹1,278 cr in Delhi, nab 1
The anti-evasion branch of Central Goods and Service Tax, Commissionerate, Delhi (East) busted a major racket, which generated fake bills worth about ₹1,278 crore, for fraudulently claiming ITC.
A person has also been arrested in connection with the incident, the Finance Ministry said on Thursday.
Upon receiving specific intelligence, the officers of the CGST exposed a racket for generation of huge inadmissible input tax credit (ITC) through fake billing of ₹1,278 crore (approximately), the Finance Ministry's statement read.
It also said that the syndicate was being operated by floating seven different fake firms with the intent of passing of inadmissible credit to the tune of ₹137 crore.
GST officers raided over nine places
To identify the taxpayers who were defrauding the exchequer, the GST officers raided more than nine places, spread over different locations in the national
