DGGI had booked three firms for tax evasion of over Rs.600Crore. According to the official statement, a case has booked against M/s. Fortune Graphics Limited, M/s. ReemaPolychem Private Limited and M/s. Ganpati Enterprises. These firms had issued invoices without actual supplying the goods. The case came into the radar on the basis of a data analytics out of a case booked against one of the exporters, M/s Anannya Exim, covered in the all India joint operation. It is estimated that these companies have issue fake invoices worth more than 4,100 crore rupees wherein tax amount of more than 600 crore rupees has been fraudulently passed on as ITC credit to different entities.
Directorate General of GST Intelligence books 3 firms for tax evasion of over Rs 600 crore
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