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Search : In the first arrest under Goods and Services Tax (GST) Act, the Karnataka commercial tax department on Thursday held a trader for issuing bogus invoices worth nearly Rs 46 crore to evade GST of Rs 8 crore. The accused is a trader of ferrous and non-ferrous scrap in Bangalore.The state tax department said the data analytics software, called GSTPro, caught the fraud. “This is first arrest by the commercial taxes department in Karnataka under the GST. Further leads are being investigated. Data-



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http://educratsweb(dot)com http://www.educratsweb.com/vsearch.php?q=In%20the%20first%20arrest%20under%20Goods%20and%20Services%20Tax%20(GST)%20Act,%20the%20Karnataka%20commercial%20tax%20department%20on%20Thursday%20held%20a%20trader%20for%20issuing%20bogus%20invoices%20worth%20nearly%20Rs%2046%20crore%20to%20evade%20GST%20of%20Rs%208%20crore.%20The%20accused%20is%20a%20trader%20of%20ferrous%20and%20non-ferrous%20scrap%20in%20Bangalore.The%20state%20tax%20department%20said%20the%20data%20analytics%20software,%20called%20GSTPro,%20caught%20the%20fraud.%20%E2%80%9CThis%20is%20first%20arrest%20by%20the%20commercial%20taxes%20department%20in%20Karnataka%20under%20the%20GST.%20Further%20leads%20are%20being%20investigated.%20Data- http://educratsweb.com educratsweb.com educratsweb