Speed Post News Network
New Delhi : The Anti- Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax Credit fraud through fake invoices issued by bogus firms. One person was arrested on February 19, 2020, in this connection and remanded to judicial custody for 14 days.
Investigations led to finding that the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions involving fake invoicing to the tune of Rs 214.74 crore and tax evasion of Rs 38.05 crore. Further investigations into the matter are in progress, according to a PIB release.