Rs 700-cr GST billing scam unearthed

The investigation wing of the Punjab State GST today arrested five persons for creating and operating a bogus billing network across various states, including Punjab, Delhi and Haryana, and availing and passing on fraudulent input tax credit (ITC) to the tune of Rs 122 crore to various firms without due payment of tax to the government. The authorisation for the arrest of seven persons was issued…