Uttarakhand GST Dept. raid on Companies unearths Tax Evasion of ₹5 crores availing Bogus ITC

Uttarakhand GST Dept - Tax Evasion - GST - availing Bogus ITC - taxcan

The phoney Input Tax Credit (ITC) was used to evade taxes around 5 crores, according to the Uttarakhand Goods and Services Tax Department. According to the department, businesses were using fraudulent ITC claims submitted on fake paper bills to reduce their GST obligations. The GST department of all states has keenly observed the fake ITC…

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