Rs 98 Crore fake tax credit racket busted; TN-based kingpin held

The Directorate General of GST Intelligence on Wednesday busted a fake Input Tax Credit racket racket to the tune of Rs 98 crore. They were involved in issuing fake invoices worth over Rs 543 crore in the name of eight fake firms. The kingpin who was from Tamilnadu was also arrested and remanded to judicial custody.   Continue Reading

Fake in India

In a shocking claim, the Directorate General of GST Intelligence (DGGI) said it has busted a racket of fraudulent companies engaged in raising fake tax invoices worth Rs 220 crore to avail of input-tax credit. Continue Reading