GST intelligence officers unearth 461 fake entities involved in Rs 863 cr input tax credit fraud

In an investigation involving 461 shell and fake entities, the Gurugram Zonal Unit of Directorate General of GST Intelligence has unearthed a racket involving fraud input tax credit of Rs 863 crore, a release issued by the Finance Ministry said Thursday. Officials said the operation lasted for two days and was carried out after a recent case in Noida involving stolen PAN identity cards and creatio…