Mumbai The Directorate General of Goods and Services Tax (GST) Intelligence arm has detected tax evasion of Rs 824 crore by 15 insurance companies, intermediary marketing companies and several non-banking finance companies.

These companies allegedly availed input tax credit (ITC) without an underlying supply of goods and services, officials said, adding that an investigation is underway.

DGGI identifies other middlemen who were involved Same mode of operation.

officers of Mumbai Zonal Unit also visited premises Many insurance companies in many cities. One of the officials said, “The investigation agency has also found that these entities had arranged for passing ineligible ITC in the guise of marketing services, and colluded with each other to create fraudulent invoices by following a systematic method Had gone.”