GST officers detect Rs 824 cr tax evasion by insurance cos

GST  officers have detected Rs 824 crore tax evasion by 15 insurance companies, intermediaries and banks through issuance of fake invoices, officials said on Thursday. Acting on specific inputs,  GST Intelligence Officers  in  Mumbai searched the premises of a number of corporates -- insurance companies, intermediary marketing/branding companies, NBFCs and banks, in multiple ci…