{"id":75273,"date":"2019-11-27T11:04:24","date_gmt":"2019-11-27T11:04:24","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=75273"},"modified":"2019-11-27T11:04:25","modified_gmt":"2019-11-27T11:04:25","slug":"gst-authorities-unearth-racket-involving-rs-140-crore-tax-fraud","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/gst-authorities-unearth-racket-involving-rs-140-crore-tax-fraud\/","title":{"rendered":"GST authorities unearth racket involving Rs 140 crore tax fraud"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Central Board of Indirect Taxes and Customs in a release said that the Central GST Delhi North Commissionerate has unearthed a racket \u201cinvolving supply of goods-less invoices and invoice-less goods\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The accused was found to be operating 10 fake firms which were created for rotation of money and fraudulent Input Tax Credit , thus defrauding the exchequer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPrima facie fraudulent ITC of about Rs 140 crore has been passed on using invoices involving an amount of Rs 1,040 crore,\u201d it said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Giving further details, it said the modus operandi of the accused, inter alia, involved obtaining GST registration of fake firms using documents of unsuspecting individuals and generating good-less invoices and e-way bills of these firms from a premise in Tilak Bazar, Delhi.On preliminary scrutiny it appears that there is no nexus between inward and outward supplies of the errant firms, CBIC said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":75274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-75273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=75273"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75273\/revisions"}],"predecessor-version":[{"id":75275,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/75273\/revisions\/75275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/75274"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=75273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=75273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=75273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}