Government Identifies 29,273 Bogus Firms Involved in Fraudulent Input Tax Credit Claims
The government identifies 29,273 Bogus Firms The government recently made a significant announcement regarding the identification of 29,273 bogus firms engaged in fraudulent input tax credit (ITC) claims. These claims amounted to a staggering Rs 44,015 crore in the eight months leading up to December 2023. The discovery of these fraudulent entities was a result of a concerted effort by GST officers to combat fake registrations. The actions taken against …