A fake invoice and ITC trading racket was busted in Pune by sleuths of Pune CGST Commissionerate on Tuesday. Two persons have been arrested in connection with the racket.

Fake invoices were being issued by various fake/bogus firms who were availing, passing illicit Input Tax Credit (ITC). These firms which existed only on paper was run by a syndicate. Two residents of Pune were revealed to be the masterminds of the syndicate.