GST Officials Sends Notices to 12 Insurance Companies availing ITC on Fake Invoices

GST - Officials - Send - Notices - Insurance - Companies - ITC - Fake - Invoices - TAXSCAN

The insurance businesses have been receiving Input Tax Credits (ITC) on fictitious invoices for the last six years. They allegedly availed the ITC wrongfully. The concerned 12 insurers have received letters from the Goods and Services Tax (GST) officials, who took heed of the situation. It was claimed that insurance companies had received ITCs based…

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