Quick Summary
CGST Mumbai South Commissionerate busts Rs. 142 Crore fake GST invoice racket One person arrested in the case Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on invoices of Rs 142 Crore, and have arrested the Director of M/s Techno Satcomm India Pvt. Ltd. for issuing GST invoices without actual supply of goods. Acting on a specific input received from Central Intelligence Un
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FAQ :
The fake GST invoice racket busted by CGST Mumbai South Commissionerate involved invoices worth £142 crore.
The racket fraudulently claimed and passed on Input Tax Credit (ITC) amounting to £27.80 crore.
The Director of M/s Techno Satcomm India Pvt. Ltd. was arrested for his role in issuing fake GST invoices.
The company was accused of issuing GST invoices for passing on fake ITC without any actual supply of goods.
No, this is the seventh arrest made by the officers of CGST Mumbai South Commissionerate in the current financial year.
CGST officers are utilising data analysis and network analysis tools as part of a special drive against tax fraudsters and fake ITC networks, and plan to intensify this drive.
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