GST intelligence unearths Rs 338 crore fake invoicing racket in Assam

Additional Director General LS Gangte in a statement said a trader was engaged in receipt and issuance of fake invoices of coal. The firm showed purchase of coal from Gujarat, Punjab and Delhi to his Guwahati unit to avail Input Tax credit. The unit subsequently issued invoices to Cement Manufacturers, Coke Manufacturers, and other traders etc in North East without supply of any goods.

from News-Economic Times https://ift.tt/36SCiPe