MEERUT, March 23 -- Officers of anti-tax evasion team of Central GST office, Meerut region, claimed to have busted a racket of fake invoicing ofRs.1708 crore, involving fraudulent Input Tax Credit (ITC) of Rs.281 crore, and arrested three persons in connection with the case, officials said.

"The accused individuals were using a network of 19 fake firms to issue fake invoices. They fraudulently claimed input tax credit (ITC) of over Rs.281 crore by issuing fake invoices to more than 600 companies without actually providing goods or services, said Ankit Gehlot, assistant commissioner in a statement.

The entire racket was being run by the tax evaders of Meerut, Delhi, Moradabad and Lucknow. The anti-evasion team led by Gehlot arrested kingpi...