GST Fake Invoice Fraud: Over 200 people arrested; 2 CAs apprehended

A crackdown is being conducted in the Goods and Services Tax fake invoice fraud case, it is reported that over 200 people have been arrested in the case. Two Chartered Accountants have also been apprehended. Over 220 cases have been unearthed by Goods and Services Tax authorities. Rs. 7,000 crores have been recovered so far from fraudsters. Around 215 arrests have taken place in the GST invoice fraud. There has been a drive undergoing in the case by GST officials across the country. It was found that fake entities were using this new method to create GST fake invoice fraud. Many would fraudulently avail and pass on the ITC and there were multi-layered scams happening, said the Director-General GST Intelligence said. Watch the video to know more!