Action: Fake GST input tax credit racket busted in Mumbai, owner of this firm arrested

GST Input Tax Credit Racket Busted: Taking a major action, CGST Commissionerate of CGST Mumbai Zone, Raigad has busted a big racket of fake GST Input Tax Credit (ITC). This includes fake invoices of Rs 70 crore and GST input tax credit of Rs 13 crore.

On Saturday, CGST Commissionerate of CGST Mumbai Zone, Raigad took a major action. Under this, the team of officers has busted a big racket of fake GST Input Tax Credit (ITC). This includes fake invoices of Rs 70 crore and GST input tax credit of Rs 13 crore. The authorities have also arrested the owner of a Kalamboli-based firm- Zaid Enterprises in this case.