Kolkata, Jan 20 (IANS) The Enforcement Directorate (ED) on Tuesday conducted search operations across Jharkhand, Manipur and Kolkata in connection with a massive fake Input Tax Credit (ITC) scam worth around Rs 658 crore, said sources in the central investigation agency. The raids were conducted at the premises of individuals and firms suspected of being linked to the fraud. ED’s Itanagar unit is spearheading the operation in coordination with state police forces, sources said.According to inv…
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Bengaluru, Jan 5 (IANS) In a significant blow to tax evasion networks plaguing India’s Goods and Services Tax (GST) system, the Enforcement Wing (South Zone) of Karnataka’s Commercial Taxes Department has exposed and dismantled a sprawling interstate fake invoicing cartel.Operating across Karnataka and Tamil Nadu, the syndicate orchestrated fraudulent transactions totalling a staggering Rs 1,464 crore in building materials like cement, iron, and steel, leading to the wrongful claiming and passin…