{"id":77162,"date":"2019-12-27T11:09:50","date_gmt":"2019-12-27T11:09:50","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=77162"},"modified":"2019-12-27T11:09:51","modified_gmt":"2019-12-27T11:09:51","slug":"gst-officials-unearth-rs-241-crore-tax-evasion-racket","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/gst-officials-unearth-rs-241-crore-tax-evasion-racket\/","title":{"rendered":"GST officials unearth Rs 241-crore tax evasion racket"},"content":{"rendered":"\n<p>GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release said in a statement on Thursday.<\/p>\n\n\n\n<p>The main culprit was arrested and remanded in 10 days of judicial custody by a local court, the release by Finance Ministry said.The alleged racketeer had created several firms on the basis of unauthorised access to identity documents of various persons.<\/p>\n\n\n\n<p>The ministry said the Commissionerate discovered the case of fake invoicing and GST fraud alongside a \u201cnew modus operandi\u201d of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure.<\/p>\n\n\n\n<p>It further said investigations in the case have unearthed a well organised racket of creating bogus firms, issuing fake invoices and bogus e-way bills to generate and encash tax credits.<\/p>\n\n\n\n<p>The new modus operandi was uncovered by a team of investigators, who worked over many weeks to unearth the maze of companies created across India, the ministry said.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release said in a statement on Thursday. The main culprit was arrested and remanded in 10 days of judicial custody by a local court, the release by Finance Ministry said.The alleged [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":77163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-77162","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\/77162","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=77162"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/77162\/revisions"}],"predecessor-version":[{"id":77164,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/77162\/revisions\/77164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/77163"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=77162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=77162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=77162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}