GST authorities bust racket involved in ₹118 cr tax fraud

NEW DELHI: The Directorate General of  GST  Intelligence (DGGI) has busted a racket of seven companies involved in generating fake input tax credit and taking tax refund from the government without any underlying economic activity. An official statement from DGGI said on Saturday that its Mumbai unit arrested a Pune-resident who is the promoter and operator of the seven companies. The co…