The CGST Delhi North has arrested a person that involves fraudulent input tax credit of Rs.12.82 Crore from 30 bogus firms where he has collected fake invoices worth Rs.71.22 Crore. “The accused was arrested Saturday and was sent to judicial custody till March 21. Further investigation in the case is in progress,” the statement added. Payments were made to the operator of these bogus firms through bank and the same were received back in cash by the accused after deducting the commission, up to 50% of the tax value involved in the fake invoices, the statement said, explaining the modus operandi.
