Punjab Uncovers Fake Billing Scams Of Thousands Of Crore

Two firms dealing in gold were found to have generated fake bills of Rs 860 crore, while 303 firms dealing in iron were involved in fake billings of Rs 4,044 crore.

Punjab Finance Minister Harpal Cheema on Friday said an investigation by the state Tax Department's Enforcement Wing has uncovered fake billing scams worth thousands of crore.

Two firms dealing in gold were found to have generated fake bills of Rs 860 crore, while 303 firms dealing in iron were involved in fake billings of Rs 4,044 crore.

Additionally, 68 firms were found to have engaged in fake billing of Rs 533 crore after getting their firms registered in others' names.