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GST Bengaluru division busts fake invoice racket

Friday, November 16, 2018, 1:01 PM

The GST commissionerate of Bengaluru South took three persons in custody for issuing fake tax-invoices worth nearly Rs.1,200-crore in turnover which translates into GST-evasion of Rs.200-crore, a statement issued by the local Central Tax office said. The accused had floated several fake companies engaged in trading fake invoices for availing input tax credit by various steel scrap dealers and manufacturers of iron and steel-products.

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