The Finance Ministry reported on Saturday that GST authorities in Delhi had uncovered a false invoicing ring that involved tax evasion of Rs 17 crore and had detained two people. The registered offices of three fictitious companies, M/s. NexGen Busicorp, M/s. XEL Informatics, and M/s. GW Infotech Pvt., engaged in phoney invoicing and circular trade, were inspected by the Central Goods and Service Tax (CGST) Delhi South Commissionerate, according to a statement. During the inspection, certain damning documents from the taxpayers’ property were discovered.
