<span style="color: #222222;">In Delhi, a major racket of fake invoicing of 7,896 crore rupees has been busted involving network of 23 shell companies. The officers of Anti-Evasion wing of Central Tax, Delhi West Commissionerate have busted the major racket which procured and generated invoices without actual supply of goods and availed as well as passed on Input Tax Credit. Two persons have been arrested in this matter.<br />''<br />''The accused persons were evading tax by creating several dummy firms for the purpose of passing on ITC by generation of fake invoices. They also used banking transactions to make ITC appear genuine. They were caught in their hideout with several mobile phones, computers and incriminating documents. Further investigation in the matter is under progress.</span><br />
News On AIR | March 3, 2020 1:13 PM
Fake invoicing racket busted in Delhi, two arrested