Rs 5.6 crore Input Tax Credit fraud detected in Pune, one held
Rs 5.6 crore Input Tax Credit fraud detected in Pune, one held
Freepik

Commissionerate of Central Goods and Service Tax, Pune-II has detected fake Input Tax Credit (ITC) of Rs 5.6 crore and bogus invoices of Rs. 31.5 crore in particular cases, said the department in a release on Friday.

In a statement, the department said that one person identified as Naresh Kumar Banarsi das Bansal was arrested on March 2 in this matter so far.

"In a continued crackdown on bogus entities engaged in fraudulent ITC, CGST Pune II Commissionerate has detected fake ITC of Rs 5.6 crore and bogus invoices of Rs 31.5 crore in a particular case. One person has been arrested so far," the CGST & Customs Pune Zone also tweeted.

Further investigation is underway.

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