- Scammers in Uttar Pradesh used hand pumps to claim fake GST refunds, evading Rs 15.27 crore
- Fraudsters were using Inverted Duty Structure (IDS) under GST mechanism
- Agra based taxpayers were availing fake Input Tax Credit (ITC) on raw materials for manufacturing hand pumps
- Over 29,000 fake firms were identified and over 44,000 crores of GST tax evasion detected in a nationwide drive
- Efforts are being taken to identify the masterminds behind the fake firms and take necessary action to safeguard government revenue
Source: thehindubusinessline.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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