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The Directorate General of GST Intelligence (DGGI) on Saturday arrested two persons in connection with a bogus input tax credit (ITC) racket in Gujarat involving fraudulent claims worth Rs. 30 crore.
In a major crackdown on tax evasion, CGST officers have uncovered a Rs. 23.5 crore fraudulent input tax credit (ITC) racket linked to a Bulandshahr-based scrap trader, which officials say was run using fake invoices and non-existent firms.
Recently, the Gurugram Zonal Unit of Directorate General of GST Intelligence have unearthed a major fraudulent Input tax Credit (ITC) racket involving 461 shell/fake entities, which had passed on fraudulent ITC of Rs. 863 crore. In this matter till date,…