An ongoing probe into instances of alleged Goods and Services Tax (GST) evasion by up to 30 insurers has found that in certain cases, the companies submitted hurriedly made invoices to contest charges of wrongful input tax credit claims by the authorities, sources in the know told ET.
"In the case of a major insurance firm summoned during the course of the probe, the executives tried to submit fake e-way bills raised by its vendors to claim the input tax credit," said an official privy to the development.
