GST Intelligence unearths Rs 150-cr fraud

CHANDIGARH: The Directorate of the Goods and Services Tax Intelligence here has detected fraudulent input tax credit (ITC) claims totalling Rs 150 crore after a series of raids, officials said here on Friday.

GST intelligence officials conducted raids at units in Jammu and Kashmir, Delhi and Uttar Pradesh, finding most of them to be fake companies, officials said.

The dummy firms had purportedly supplied goods worth Rs 1,500 crore to help claim ITC of about Rs 150 crore in the past two years. (AGENCIES)