GST officials bust fake invoices racket

In a major crackdown on iron and steel industries in the State, the Hyderabad Central GST intelligence wing has detected that eight such companies have been generating fake invoices without actual supply of TMT bars and other products. Since July 2017 The fake invoices generated by these companies accounted for about ₹1,289 crore and the input tax credit (ITC) of ₹224 crore.  The tax payers o…