Thane CGST busts ₹22 cr fake input tax credit racket, two arrested

Thane CGST busted a ₹22 crore fake input tax credit racket. A man and his son, who are the proprietors of two firms in Mumbai, were arrested in this matter. Both the firms were indulging in fraudulent availment and passing of ITC of ₹11.8 crore and ₹10.23 crore, without receiving the goods or services in violation of the CGST Act.

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