It is estimated that the network gave a fake invoice worth over ₹4,500 crore with an input tax credit (ITC) implication of over ₹700 crore. One person has been arrested, a statement issued by the Finance Ministry said Friday. Suspicious serversOn scrutiny of one of the suspicious servers, details of certain firms were found in tally data. During the search, many incriminating documents, including mobiles phones, various cheque books, stamps of various firms and SIM cards were recovered. They have issued invoices involving the taxable value of approx.

Source: The Hindu January 15, 2022 03:53 UTC