Invoicing racket to defraud GST busted in Mysuru The Preventive and Intelligence wing of Central Tax, GST Commissionerate, Mysuru, has unearthed an invoice racket involving a tax amount of over ₹ 14 crore and arrested one person in the connection.

“The modus operandi adopted by the tax evader is that they float fake units at various places, both within and outside the State, and raise fake invoices as if goods are bought from there and again raise further fake invoices to the existing units,

who in turn utilise the tax credit passed on to them to pay their taxes. It is just a transaction of crores of rupees on paper only without actual receipt and

supply of goods and in the bargain crores of an input tax credit is availed and utilized, causing huge loss to the government exchequer,” said a statement here