Firm busted for claiming bogus Input Tax Credit worth Rs 281 Crores

The Central Goods and Services Tax ( CGST ), Meerut has busted firm for claiming the bogus Input Tax Credit  ( ITC ) worth Rs. 281 crores. In an investigation led by CGST Meerut team has prima facie revealed issuance of  GST invoices  of Rs. 1,708 crores from a chain fake firms/companies operating from Delhi, Moradabad and Meerut, involving bogus Input Tax Credit  ITC  of…