Rs 5. 6 cr Input Tax Credit fraud detected in Pune, one held
By ANI | Published: March 6, 2021 06:35 AM2021-03-06T06:35:23+5:302021-03-06T06:45:03+5:30
Commissionerate of Central Goods and Service Tax, Pune-II has detected fake Input Tax Credit (ITC) of Rs 5.6 crore and bogus invoices of Rs. 31.5 crore in particular cases, said the department in a release on Friday.
Rs 5. 6 cr Input Tax Credit fraud detected in Pune, one held
Commissionerate of Central Goods and Service Tax, Pune-II has detected fake Input Tax Credit (ITC) of Rs 5.6 crore and bogus invoices of Rs. 31.5 crore in particular cases, said the department in a release on Friday.
In a statement, the department said that one person identified as Naresh Kumar Banarsi das Bansal was arrested on March 2 in this matter so far.
"In a continued crackdown on bogus entities engaged in fraudulent ITC, CGST Pune II Commissionerate has detected fake ITC of Rs 5.6 crore and bogus invoices of Rs 31.5 crore in a particular case. One person has been arrested so far," the CGST & Customs Pune Zone also tweeted.
Further investigation is underway.
( With inputs from ANI )
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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