GST officials catch massive tax fraud of Rs 2,350 crore, fake invoices, ITC claims

The GST Intelligence has spotted yet another case of fraud related to the utilization and passing on of ineligible Input Tax Credit ( ITC ), with bogus invoices. The GST officials have arrested three persons involved in massive frauds involving GST amounting to over Rs 2350 crores, said a statement by the Ministry of Finance. The official found that Sachin Bhoruka, Director/Partner in various firm…