A large number of proprietorship/partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were apparently connected and had claimed a huge amount of refunds against accumulated Input Tax Credit (ITC) on account of inverted tax structure and Zero-rated supply of Goods were identified. Searches were conducted on 13.3.2020 by officers […]
The post GST Evasion: Racket busted of Large number of Non-Operational Partnership Firms falsely claiming refunds against accumulated ITC appeared first on Taxscan | Simplifying Tax Laws.
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