Rs 1,200 Crore Fake GST Invoice Scam Busted in Karnataka

A scam involving fake GST bills worth Rs 1,200 crore has come to light in Bengaluru.  The preventive wing of the south commissionerate of the GST busted the racket after two month long investigations. The fraudulent companies were engaged in trading of fake tax invoices for availing input tax credit. The accused were engaged in trading of iron and steel scrap through various companies. The ki…