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Rs 241-crore GST evasion racket found by officials

Rs 241-crore GST evasion racket found by officials

Friday, December 27, 2019, 5:51 PM

The GST officials have busted a racket that involved fake invoicing worth Rs.1,600 crore and a subsequent Rs.241-crore tax evasion. Officials said that the accused's modus operandi entailed creating bogus firms and issuing fake invoices to generate and encash tax credits by exploiting a refund facility given by the government for inverted duty structure. The main accused has been arrested.
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