GST Mumbai: Officers busts Rs 142 crore fake invoice racket

by Shabana T. Tax Gyata | India's Best Taxation W

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 Unit of CGST Mumbai Zone, the anti-evasion wing of CGST Mumbai South Commissionerate initiated an investigation against this company. During investigation, the company was found to be non-existent at the declared business address. Subsequently, statement of its Director was recorded on 05.09.22 wherein he admitted his role in generation of fake ITC and passing on this ITC in the downward supply chain. Read More