India- Anti-evasion wing of GST detect fraud of over Rs 214 cr
Date
2/20/2020 4:11:21 AM
(MENAFN- KNN India) Anti-evasion wing of GST detect fraud of over Rs 214 cr
New Delhi, Feb 20 (KNN) An anti-evasion wing of Central-GST has detected a fraud of more than Rs 214 crore through fake invoices in Delhi.
''The fraud was detected by the anti-evasion wing of CGST Delhi South Commissionerate following which a person has been arrested and sent to judicial custody of 14 days,'' the finance Ministry said in a statement on Wednesday.
The alleged case of input tax credit fraud was taking place through fake invoices issued by bogus firms.
Investigations found the accused had also been generating bogus e-way bills to back the fake invoices, the statement added.
"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," it said.
Further investigations in the matter are in progress, the ministry said.
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