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| STD cracks down on defaulting Taxpayers availing fake, ineligible Input tax credit | | | Early Times Report
JAMMU, June 14: In a major enforcement action against tax evasion, Jammu and Kashmir State Taxes Department (STD) conducted simultaneous search and seizure operations at multiple locations across Jammu division.
During the enforcement actions, the department targeted malpractices like Invoice Trading Without Supply (issuance of invoices without the actual supply of goods or services, falsely inflating transactions to claim ITC), Fake E-Way Bills with No Toll Record Movement (Generation of fraudulent E-Way Bills showing no corresponding vehicle movement on toll records), Fake E-Way Bills Reflecting Movement Outside J&K (Creation of E-Way Bills indicating vehicle movement in other states, despite no activity within the Union Territory of Jammu & Kashmir) and Availing Fake Input Tax Credit (Unlawful claims of ITC based on fabricated documents and transactions).
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