Fake GST billing racket worth Rs 100 crore busted

RAJKOT: State GST department unearthed a fake billing racket involving 50-odd traders of groundnut and its seeds in Junagadh, Mangrol amd Dhoraji towns on Saturday.
They found that the traders had issued bogus invoices to the tune of Rs 100 crore in last two years to evade tax.
These traders were allegedly providing bills of purchase to other traders who were claiming input tax credit (ITC) on value addition of peanuts.The GST rate for this commodity is 5% .
The GST officials found that the groundnut traded figures did not match with the tax collected. According to sources a few oil miller are also involved in the alleged racket.