Bengaluru I-T dept busts Rs 1,200 crore fake GST invoice scam

Bengaluru I-T dept busts Rs 1,200 crore fake GST invoice scam

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Bengaluru I-T dept busts Rs 1,200 crore fake GST invoice scam
According to the I-T department, the three men had obtained GST registrations for non-existent companies that were trading iron and steel scrap and had circulated the fake invoices on the payment of a commission to some iron and steel manufacturers, who availed input tax credit based on this. Three men have been arrested for generating […]
Source: GST India