LUCKNOW: The Uttar Pradesh CST team has busted three tax evading companies that generated fake invoices and committed tax evasion of Rs 57 crore on pretext of taking input tax credit.
According to officials of the state CST department, three Lucknow-based companies, named RC Infra Digital Solutions, Laddu Digital Pvt Ltd and Mumbai Film Institute, were involved in making fake invoices.
An official said that these companies had made fake invoices of about Rs 122 crore.
“These companies used to make fake invoices for companies within the state and outside. They prepared invoices for different business items, including building material, film equipment,” the officials added.
A CST official added that during the raid, the state CST department recovered a huge number of suspicious documents and electronic devices.
Commercial Tax Commissioner Ministhy S had ordered raids on these firms based
on intel inputs.
The state CST team will also take the help of central agencies as these firms also used to make fake invoices for the companies in West Bengal, Delhi, Haryana, Punjab, Andhra Pradesh, Karnataka and Tamil Nadu.
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