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Statewide STF raids unearth Rs 14cr fake bills

LUCKNOW: In a joint operation on Saturday, UP Police’s Special Task Force (STF) and the Goods and Sales Tax (GST) unit unearthed a racket via a telecom crew which used faux bills to say input tax credit score value Rs 14 crore.

The crew fudged invoices of the transactions now not accomplished to avail the tax receive advantages.

STF used to be handed over the probe via the economic tax division.

During scrutiny of filing of GST bills of the company, the tax division were given suspicious over its claims of availing input tax credit score value Rs 14 crore.

STF raided workplaces of the company in Lucknow, Allahabad and GB Nagar to gather documents wherein over 100 officers of the unit had been concerned.

SSP STF Abhishek Singh said, “It surfaced all the way through probe that two firms from the similar crew had proven industry transaction of Rs 72 crore and claimed Rs 14 crore input tax credit score for this transaction.”

“After this we asked corporate administrators to show us the bills of these transactions amounting to Rs 72 crore. The corporate failed to show any bills. Rather the industry of Rs 72 crore used to be discovered to be fictitious in nature and accomplished most effective to gain Rs 14 crore input tax credit score,” added Singh.

Joint commissioner (GST) Sanjay Pathak said that businesses use faux bills to say input tax credit score on supply which never came about.

Input tax credit score is an possibility in GST which allows taxpayers to say credit score for taxes paid on purchase.

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