4 arrested for GST refunds fraud worth Rs 195 crore

NEW DELHI: The Goods and  Services Tax authorities in Delhi have busted a racket of issuance of invoices without actual supply of goods and arrested four persons for fraudulently claiming input tax credit of Rs 195 crore with invoices involving an amount of Rs 847 crore.  “The taxpayer availed fraudulent ITC for seeking IGST refunds from customs formations. Investigations revealed a nove…