The GST and Central Excise Department, Chennai Outer, has arrested a person for GST evasion of about ₹35 crores. The individual, along with accomplices, had floated 36 shell companies and taken GST registration misusing KYC documents of other individuals allegedly for the purpose of receiving and issuing tax invoices worth ₹250 crores without actual receipt or supply of goods.
Source: a2ztaxcorp.com
