The Directorate General of GST Intelligence (DGGI) has expanded its investigation into insurance businesses for claiming incorrect input tax credits. According to persons acquainted with the situation, it has slapped show-cause notices on several insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar.
The notices, issued by the DGGI offices in Mumbai, Ghaziabad, and Bengaluru, said that these organisations created bogus bills for numerous insurance companies without providing any service, which is a criminal offence punishable by the prosecution under the GST law.
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