GST officers bust fake billing racket, arrest 1 person
GST officers have busted a racket which generated fake bills worth about Rs 1,278 crore for fraudulently claiming ITC, and arrested one person, the Finance Ministry said on Thursday
The modus operandi of the fraudulent taxpayers included creation of bogus invoices/bills, without actual movement of goods. Also fake e-way bills were generated to show transportation of goods. Source: PTI