Taxmen issuing notices to insurers for availing input tax credit on fake invoices, evading GST

New Delhi, GST officers have started sending notices to over a dozen
insurance companies for availing input tax credit on the basis of bogus
invoices in the last six years, sources said. These insurers have availed
input tax credit (ITC) on the basis of invoices issued by intermediaries
for providing services like advertising and marketing, although no such
services were actually provided.

Source: indiatimes.com

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