SGST Raids Hapur Scrap Firm: Fake ITC Worth Rs 7.31 Crore Seized From Rs 29.5 Crore Turnover
1 Articles
1 Articles
The Special Investigation Branch (SIB) of the State Goods and Services Tax (SGST) in Hapur has raided a scrap recycling firm in Badarkha, Garhmukteshwar area and unearthed a case of alleged fraudulent input tax credit (ITC) worth crores of rupees. The investigation found the firm's claim of claiming ITC of Rs 7.31 crore by showing a turnover of Rs 29.5 crore suspicious. The department has refunded Rs 50 lakh of ITC as a preliminary action. Accor…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
