💨 Abstract

Authorities in Maharashtra's Thane district have busted a Goods and Services Tax (GST) evasion racket involving a fraudulent input tax credit (ITC) scam of Rs 26.92 crore. The racket was orchestrated by Kapadiya Mahamad Sultan, who set up 18 fictitious entities to generate fake invoices and claim ITC without any actual supply of goods or services.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖