Reetu | Feb 7, 2022 |

CGST Bhopal Detect GST ITC Racket of Rs 69 Crore

A major case of wrong Input Tax credit (ITC) of Rs 69 Crore has been detected by Central Goods and Service Tax (CGST) Bhopal Zone (Raipur Commissionerates) in the Telecom sector. Out of this Rs. 48 Crore has been Recovered so far. Further investigation is in progress.

This was reported on the Twitter handle of CGST Bhopal Zone.

A major case of wrong ITC of Rs. 69cr has been detected by Bhopal Zone(Raipur Commissionerates) in Telecom sector. Rs. 48cr has been reversed so far. Further investigation is in progress.@cbic_india @CgstRaipur @FinMinIndia @DrBhagwatKarad @nsitharamanoffc @mppchaudhary
— CGST Bhopal Zone (@cgstbhopalzone) February 6, 2022

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button

Join Membership

In case of any Doubt regarding Membership you can mail us at contact@studycafe.in

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: Fake Invoice, FAKE ITC, GST, GST Fake Invoice, GST News, ITC Fraud, News, Studycafe

Author Bio

Name: Reetu

Designation: Content Manager

Company: Studycafe

Location: Delhi, India

Total Posts: 8127

Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.

My Recent Articles

Ex-DRT Officials Sentenced to 5 Years Rigorous Imprisonment by Madras High Court along with Rs.27 Lakh Fine GSTN issued Advisory on Case Sensitivity in IRN Generation RBI to issue Notes of Rs.10 and Rs.500 bearing Signature of Guv Malhotra RBI sends ‘letter of displeasure’ to Bajaj Finance on Co-branded Credit Cards CBI targets errant Income Tax, GST Officials and CA for Misusing their Powers View All Posts