MUMBAI: Two businessmen from South Mumbai were arrested after they allegedly submitted fake sale and purchase invoices and claimed Input Tax Credit (ITC) of Rs 250 crore. ITC is paid by businessmen during a purchase and it can be used to reduce tax liability when a sale is made. Anti-evasion wing of the Central Goods […]
from GST India-Goods and Services Tax in India http://bit.ly/2Us0Hmt
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