GST officials detect tax fraud of Rs 224 cr by 8 companies
5 years, 9 months ago

GST officials detect tax fraud of Rs 224 cr by 8 companies

India TV News  

Officials of the Central GST have unearthed an alleged tax fraud of Rs 224 crore by a group of eight companies, which generated fake invoices worth Rs 1,289 crore. A key suspect involved in the racket has been arrested and Rs 19.75 crore was recovered from him, a press release from the Hyderabad Central GST Commissionerate said Tuesday night. The companies have been generating fake invoices without actual supply of TMT bars, MS bars, MS flat products among others, and were passing on the input tax credit to other tax payers within the same group, besides some other taxpayers since July, 2017, it said. The fake invoices generated by them involved about Rs 1,289 crore of value and input tax credit of about Rs 224 crore.

Tax Companies Gst Fake Invoices  tax  officials  224  credit  involved  detect  taxpayers  invoices  rs  crore  fraud  fake  companies  gst  cr

History of this topic

Did panipuri vendor get GST notice for earning Rs 40 lakh? Here's the truth
5 days, 6 hours ago

Did panipuri vendor get GST notice for earning Rs 40 lakh? Here's the truth

India Today  

A panipuri vendor from Tamil Nadu got a notice from GST authorities after he reportedly received online payments amounting to Rs 40 lakh during the financial year 2023-24. A source in the Tamil Nadu GST department said the notice was misrepresented and was to inform the vendor to get a registration certificate, and come under the GST purview, by getting …

Congress slams Centre over 'absurd' popcorn tax slabs, asks PM to overhaul GST
2 weeks, 5 days ago

Congress slams Centre over 'absurd' popcorn tax slabs, asks PM to overhaul GST

India Today  

The Congress Sunday said the "absurdity" of three different tax slabs for popcorn under GST only brings to light the growing complexity of the system and asked whether the Modi government will show the courage to launch a complete overhaul for instituting a GST 2.0. Congress general secretary in-charge communications Jairam Ramesh also claimed GST evasion is significant, input tax …

Department Failed To Prove Non-Existence Of Firms: Rajasthan High Court Grants Bail To Assessee Charged For Issuing Fake Invoices
1 month ago

Department Failed To Prove Non-Existence Of Firms: Rajasthan High Court Grants Bail To Assessee Charged For Issuing Fake Invoices

Live Law  

The Rajasthan High Court granted bail to the assessee charged for issuing fake invoices to the firms on the ground that the department failed to prove that these firms are not in existence and their GST registration have been cancelled. The Bench of Justice Ganesh Ram Meena observed that “……there is nothing on record that who claimed how much input …

Ludhiana: GST fraud using city man’s identity uncovered, probe on
1 month, 1 week ago

Ludhiana: GST fraud using city man’s identity uncovered, probe on

Hindustan Times  

Fraudsters misused the identity of a 24-year-old Ludhiana resident to obtain a GST number and open a firm, facilitating transactions worth crores of rupees. Victim Anurag Singh, a resident of Shanker Colony, Bhamian Kalan, said he was stunned to receive an income tax notice via email on November 25 regarding a business he never started, demanding explanations for transactions worth …

Fake registration drive: GST officers detect 10,700 bogus firms, more than ₹10,000 crore evasion
3 months, 2 weeks ago

Fake registration drive: GST officers detect 10,700 bogus firms, more than ₹10,000 crore evasion

The Hindu  

“Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of ₹10,179 crore in the ongoing all-India drive against fake companies set up to defraud the exchequer,” a senior official said on Tuesday. Central Board of Indirect Taxes and Customs member Shashank Priya said Aadhaar authentication of GST registration is already in place in 12 States and …

Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion
3 months, 2 weeks ago

Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion

Deccan Chronicle  

New Delhi: Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against fake companies set up to defraud the exchequer, a senior official said on Tuesday. Central Board of Indirect Taxes and Customs member Shashank Priya said Aadhaar authentication of GST registration is already in place in …

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming
3 months, 3 weeks ago

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming

The Hindu  

Goods and Services Tax sleuths detected taxevasion worth almost ₹82,000 crore by 78 real money online gaming firms in 2023-24, but that translated into a voluntary recovery of just ₹53 crore. The online gaming industry is reckoned to have evaded the highest GST levies last year, even as overall detection of indirect tax evasion surged to almost ₹2.02 lakh crore, …

Job Scam Alert: UP Man Accepts 'Offer Letter' on WhatsApp, Faces Rs 250 Crore GST Bill Now
4 months ago

Job Scam Alert: UP Man Accepts 'Offer Letter' on WhatsApp, Faces Rs 250 Crore GST Bill Now

News 18  

In a shocking case of job fraud from Uttar Pradesh’s Muzaffarnagar, a man named Ashwani Kumar received a job offer via WhatsApp that led to a massive Rs 250 crore GST bill. The scam began when Kumar was asked to provide his Aadhaar card, PAN card, and other personal documents, along with a registration fee of Rs 1,750, to secure …

CBI conducts searches at two places in Hyderabad, Books case against two GST officials
4 months, 3 weeks ago

CBI conducts searches at two places in Hyderabad, Books case against two GST officials

Deccan Chronicle  

Hyderabad: The Central Bureau of Investigation has registered a case against a GST Superintendent and an Inspector working at the Principal Commissionerate of Central Tax at GST Hyderabad Commissionerate at GST Bhavan in Basheerbagh here. The case was booked against the two GST officials - V. D. Anand Kumar, Superintendent and Inspector Manish Sharma, both working at the office of …

Delhi GST refund scam: Seven arrested including GST officer, advocates
4 months, 4 weeks ago

Delhi GST refund scam: Seven arrested including GST officer, advocates

New Indian Express  

NEW DELHI: The Anti-Corruption Branch has arrested seven people, including a GST officer in the Delhi government and three advocates who were allegedly linked to an alleged GST refund scam worth Rs 54 crore. The accused were identified as Babita Sharma, Raj Singh Saini, Narender Kumar Saini and Mukesh Saini, Manoj Goyal, Surjeet Singh and Lalit Kumar. ACB chief Madhur …

GST officer among 7 held in Delhi for forging receipts of ₹718 cr
4 months, 4 weeks ago

GST officer among 7 held in Delhi for forging receipts of ₹718 cr

Hindustan Times  

A 54-year-old Goods and Services Tax officer was arrested in Delhi along with six associates for allegedly forging invoices worth ₹718 crores with the Delhi government’s trade and taxes department in order to receive more than ₹54 crore in refunds, said officials said on Monday. The three others arrested included a man who was “running” these bogus firms and two …

Fake invoice, ITC trading racket busted
5 months ago

Fake invoice, ITC trading racket busted

Hindustan Times  

Acting on intelligence, officers of anti-evasion, Pune-II, Central Goods and Services Tax Commissionerate, Pune Zone has booked a case of issuance of fake invoices by various bogus firms to avail, pass ineligible input tax credit, officials said on Tuesday. The probe reveals that formal and informal banking channels have been used by the syndicate in collusion with government contractors involved …

8,231 online false job promise cases reported in Karnataka since 2020
5 months, 3 weeks ago

8,231 online false job promise cases reported in Karnataka since 2020

The Hindu  

A total of 8,231 cases of online false job promises has been reported in Karnataka since 2020, cheating people of a whopping ₹566.97 crore of which just about ₹69.4 crore has been recovered. While 394 cases involving ₹5.67 crore was reported in 2020, it has seen a jump in 2023 with people losing ₹347.7 crore in 4,470 cases. The government …

Irregularities of Rs 1,170 crore unearthed in scrap trade
7 months, 2 weeks ago

Irregularities of Rs 1,170 crore unearthed in scrap trade

New Indian Express  

THIRUVANANTHAPURAM: The GST department has unearthed irregularities committed through fake billing to the tune of Rs 1,170 crore. The drive ‘Operation Palm Tree’ on 180 scrap business dealers detected GST evasion of Rs 209 crore. The inspections were started on Thursday early morning at 5 am with 300 GST department officials taking part in it. During the inspections, it was …

State GST department unearths fake billing racket linked to metal scrap trade; ₹1,170 crore worth of tax evasion detected
7 months, 2 weeks ago

State GST department unearths fake billing racket linked to metal scrap trade; ₹1,170 crore worth of tax evasion detected

The Hindu  

The State Goods and Services Tax department has unearthed massive tax evasion in the metal scrap trade sector where fake GST invoices were created to illegally claim input tax credit. A preliminary assessment pegged the fraudulent transactions at ₹1,170 crore, causing tax loss of ₹209 crore, the State GST Department said on Thursday. The tax evasion cartels operate by creating …

Noida: Three more gang members held in ₹10K-cr GST fraud
7 months, 3 weeks ago

Noida: Three more gang members held in ₹10K-cr GST fraud

Hindustan Times  

The Noida police said on Saturday that they have arrested three more members of a gang allegedly involved in a ₹10,000 crore Goods and Services Tax fraud that came to light in June last year, bringing the total number of people apprehended in the case to 44. On June 1, 2023, the Noida police had claimed to have busted a …

Five officials held in GST refund fraud case
8 months ago

Five officials held in GST refund fraud case

Deccan Chronicle  

Hyderabad: The sleuths of Central Crime Station arrested five GST officials including a woman in connection with a case registered related to GST refund fraud. The five arrested officials have been identified as Peetala Swarna Kumar, a Deputy Commissioner, GST in Nalgonda division, Kelam Venu Gopal, an Assistant Commissioner in Abids Circle, Podila Viswa Kiran, an Assistant Commissioner in Madhapur-1 …

Over ₹1,000-crore GST fraud in Telangana unearthed by CT department
9 months, 4 weeks ago

Over ₹1,000-crore GST fraud in Telangana unearthed by CT department

The Hindu  

The Commercial Taxes department has unearthed an over ₹1,000-crore GST fraud in refunds and input credit tax cases after the Congress party came to power in Telangana. Preliminary desk audits by senior CT officials have exposed fraudulent refunds and input tax credits which it appears was deliberately suppressed by the previous regime. On one hand, the firms under investigation have …

Finance Minister bats for swift clarity on GST classification issues
10 months ago

Finance Minister bats for swift clarity on GST classification issues

The Hindu  

Finance Minister Nirmala Sitharaman on Monday stressed the urgent need to bring clarity on classification-related issues under the Goods and Services Tax regime, urging tax officials to look into the issue “at the earliest through appropriate channels”. Addressing the first-ever ‘National Conference of Enforcement Chiefs of State and the Central GST Formations’ that will be held twice a year going …

Tax sleuths sniff out odd money trail in steel scrap from Bantwal in Dakshina Kannada
11 months, 1 week ago

Tax sleuths sniff out odd money trail in steel scrap from Bantwal in Dakshina Kannada

New Indian Express  

BENGALURU: State tax sleuths who had arrested Mohammed Siddiq, a main supplier of steel rerollers in a tax evasion racket of Rs 1,000 crore, arrested his accomplice Imtiaz, from Bantwal in Dakshina Kannada. Sources said that during investigation, tax sleuths noticed a money trail leading to several states, and revealing that the mastermind had set up a maze of fraudulent …

Fake invoices: 29,000-plus firms busted since May 2023
1 year ago

Fake invoices: 29,000-plus firms busted since May 2023

The Hindu  

Over 29,000 bogus firms, involved in evading Goods and Services Tax dues of more than ₹44,000 crore, have been busted over the past seven months, leading to 121 arrests, the Finance Ministry said on January 7. Fake invoices are used by firms to avail input tax credit without any underlying supply of goods and services taking place. “Since the initiation …

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due
1 year, 1 month ago

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due

Live Mint  

New Delhi: Online gaming companies have been issued 71 show cause notices relating to Goods and Services Tax in FY23 and in the current financial year up to October, minister of state for finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday. However, since these notices are pending adjudication, the respective GST demand is not yet determined under the provisions …

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues
1 year, 2 months ago

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues

Live Mint  

The Indian government is expected to recover ₹50,000 crore in evaded Goods and Services Tax in FY24, Business Standard reported. A substantial portion of this recovery is expected to come from incorrect claims of input tax credit by insurance companies, GST payments on expatriate services under the reverse charge mechanism, illicit clearances of tobacco products, and property transactions, the report …

Detected GST evasion of ₹57,000 crore since April 2020: Finance ministry
1 year, 2 months ago

Detected GST evasion of ₹57,000 crore since April 2020: Finance ministry

Hindustan Times  

NEW DELHI: The Directorate General of GST Intelligence has detected Goods and Services Tax evasion of ₹57,000 crore from April 2020 to September 2023 involving over 6,000 fake instances of input tax credit claims leading to the arrest of 500 people, a finance ministry statement said on Wednesday. Detected GST evasion of ₹ 57,000 crore since April 2020: finance ministry …

Issuing Fake Invoices For GST Evasion Is Economic Offence Which Needs To Be Viewed Seriously, Poses Threat To Country’s Economy: Delhi High Court
1 year, 4 months ago

Issuing Fake Invoices For GST Evasion Is Economic Offence Which Needs To Be Viewed Seriously, Poses Threat To Country’s Economy: Delhi High Court

Live Law  

The Delhi High Court has observed that issuing fake invoices and e-way bills for GST evasion is an economic offence involving loss to the public exchequer which needs to be viewed seriously. Justice Amit Bansal made the observation while denying anticipatory bail to a chartered accountant accused of forgery and GST evasion by creating false invoices issued by non-existent entities.“In. …

Non-bailable warrant issued against 10 people in fake ITC documents case
1 year, 4 months ago

Non-bailable warrant issued against 10 people in fake ITC documents case

Live Mint  

The Noida Police has issued non-bailable warrant issued against 10 people for defrauding the government of ₹15,000 crore by using fake input tax credit documents, news agency ANI has reported on 20 August. Earlier on 12 August, a businessman was arrested by the Central GST in Chhattisgarh's Bilaspur district for allegedly availing and utilising ITC worth ₹10.14 crore by issuing …

Haryana Government Unearths Rs 100 Crore Fraud In Mewat, Saves Over Rs 1,200 Crore
1 year, 5 months ago

Haryana Government Unearths Rs 100 Crore Fraud In Mewat, Saves Over Rs 1,200 Crore

News 18  

In a significant development, the Haryana government has uncovered a staggering fraud amounting to Rs 100 crore in Mewat’s Punhana region. The government is now gearing up for full recovery, along with interest, from the individuals implicated in the Rs 100 crore fraud in Mewat’s Punhana region. Chief Minister Manohar Lal Khattar proudly announced that Haryana now boasts approximately 100 …

UP labourer gets GST notice on 'Rs 1.36 crore turnover', case registered in Noida
1 year, 5 months ago

UP labourer gets GST notice on 'Rs 1.36 crore turnover', case registered in Noida

India Today  

The Gautam Buddha Nagar Police filed a case following a complaint from a laborer in Bulandshahr who claimed that he had received a GST notice suggesting that his businesses had generated a turnover of Rs 1.36 crore in 2022-23 fiscal. The labourer, Devendra Kumar, 22, a resident of Udaygarhi Bangar under Naraura police station in Uttar Pradesh, also stated that …

GST fraud: Leading food delivery service among entities under scanner
1 year, 6 months ago

GST fraud: Leading food delivery service among entities under scanner

Live Mint  

The Central Board of Indirect Taxes and Customs has launched a proactive campaign to eliminate fraudulent accounts registered with the Goods and Services Tax Network. The results of this concerted effort have revealed a staggering revelation – nearly 25% of the identified entities, who have wrongfully availed benefits totaling approximately ₹15,000 crore, either do not exist or have vanished into …

129 bogus dealers fraudulently claiming input tax credit under GST found in UP
1 year, 6 months ago

129 bogus dealers fraudulently claiming input tax credit under GST found in UP

Hindustan Times  

LUCKNOW As many as 129 bogus dealers claiming input tax credit fraudulently without receiving any supplies for sale have been found in Uttar Pradesh during the ongoing pan-India drive against fake GST registrations that is nearing conclusion, officials said. The Central government had forwarded the state tax department a list of 6,195 suspected dealers in UP while another 122 dealers …

Rs 15,000 crore tax evasion detected, over 4,900 fake GST registrations cancelled
1 year, 6 months ago

Rs 15,000 crore tax evasion detected, over 4,900 fake GST registrations cancelled

Op India  

On the 5th of July, a senior tax official stated that the GST authorities have cancelled over 4,900 fake GST registrations, since the 16th of May, 2023. He stated that in the drive against fake registration, till July 4, over 69,600 GST Identification Numbers have been selected for physical verification by field tax officers. Speaking at the ASSOCHAM’s National Conclave …

GST fraud of ₹175 cr. unearthed, mastermind nabbed at Bengaluru airport
1 year, 6 months ago

GST fraud of ₹175 cr. unearthed, mastermind nabbed at Bengaluru airport

The Hindu  

Directorate-General of GST Intelligence, Chennai Zonal Unit, has busted a fake Input Tax Credit racket running into ₹175 crore involving 59 companies. A 34-year-old resident from Chepauk, the mastermind behind the scam, was nabbed at the Bengaluru airport during his attempt to flee the country and subsequently arrested, according to a statement from DGGI, the apex intelligence and investigative agency …

Over 12,000 fake entities in GST; CBIC plans biometric authentication, tighter return filing
1 year, 6 months ago

Over 12,000 fake entities in GST; CBIC plans biometric authentication, tighter return filing

India TV News  

CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said. The biometric authentication of authorised representatives or directors or partners of a company will be made for new registration applications and existing …

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April
1 year, 8 months ago

Year-end compliances lift GST revenues to record ₹1.87 lakh crore in April

The Hindu  

India’s gross GST revenues hit a record high in April at ₹1,87,035 crore, 12% higher than the same month last year which had clocked the previous highest tax tally of ₹1.67 lakh crore. GST Compensation Cess collections also hit a fresh record of ₹12,025 crore in April, which included about ₹900 crore collected from imports of goods. Central GST collections …

HDFC Bank, Policybazaar, Go Digit and others get DGGI notice over Rs 2,250 cr tax evasion concern
1 year, 8 months ago

HDFC Bank, Policybazaar, Go Digit and others get DGGI notice over Rs 2,250 cr tax evasion concern

India TV News  

The Directorate General of GST Intelligence has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. According to an official from DGGI, the investigation has uncovered that insurance companies obtained input tax credit without receiving actual goods or services, relying on …

Ahead of GST Appellate Tribunal’s launch, an SOP for investigations
1 year, 9 months ago

Ahead of GST Appellate Tribunal’s launch, an SOP for investigations

The Hindu  

With Parliament clearing the decks for the establishment of Goods and Services Tax Appellate Tribunal to resolve rising disputes under the nearly six-year-old indirect tax regime, the Revenue Department is in the process of finalising a standard operating procedure for officers undertaking intelligence and investigation work. “With the legal landscape of indirect taxes getting transformed, the need arises to prepare …

Delhi GST officers detect ₹17 crore tax evasion by issue of fake invoice, arrest two people
1 year, 9 months ago

Delhi GST officers detect ₹17 crore tax evasion by issue of fake invoice, arrest two people

The Hindu  

GST officers in Delhi have unearthed a fake invoicing racket involving tax evasion of ₹17 crore and arrested two persons, the Finance Ministry said on March 18. Central Goods and Service Tax Delhi South Commissionerate conducted inspection at the registered premises of three bogus firms/company, namely M/s. "Preliminary enquiry conducted so far into the transactions of these firms has revealed …

India digs out Rs 62,000 cr GST evasion in 3 years
2 years ago

India digs out Rs 62,000 cr GST evasion in 3 years

Deccan Chronicle  

New Delhi: Tax authorities have detected over ₹62,000 crore worth of goods and services tax evasion, using fake invoices during the past three years, said a top official of the Central Board of Indirect Taxes and Customs on Monday. Activities of some unscrupulous traders came to notice when the government kept such offences out of the increased monetary threshold of …

Tax deposited During Search Not Voluntary: Delhi High Court Directs GST Dept. To Return Rs.1.80 Crores With Interest
2 years ago

Tax deposited During Search Not Voluntary: Delhi High Court Directs GST Dept. To Return Rs.1.80 Crores With Interest

Live Law  

The Delhi High Court has directed the GST department to return the amount of Rs. 1.80 crores along with 6% interest as the recovery of tax made during the search was not voluntary.The division bench of Justice Rajiv Shakdher and Justice Tara Vitasta Ganju has observed that no recovery of tax should be made during search, inspection, or investigation unless …

Mumbai: One held for creating fake CGST credit invoices of Rs132 cr
2 years, 3 months ago

Mumbai: One held for creating fake CGST credit invoices of Rs132 cr

Firstpost  

Hasmukh Patel allegedly created a web of fake firms, through which he generated fake invoices of Rs 132 crore and availed/passed on fake ITC of Rs 23.16 crore without supplying any goods and services New Delhi: The Central Goods and Services Tax ‘s Bhiwandi Commisionerate in Mumbai Zone busted a fake invoice racket worth Rs 132 crore and availing/passing on …

Maharashtra businessman held for availing Input tax credit of over Rs 40 crore
2 years, 5 months ago

Maharashtra businessman held for availing Input tax credit of over Rs 40 crore

India Today  

The Maharashtra Goods and Service Tax Department on Thursday arrested an operator of three firms for availing an Input Tax Credit of Rs 41.67 crores using fake bills of Rs 231.49 crores. The state GST department arrested a man identified as Brijesh Vanitlal Shah, an operator of Om Impex and two other firms under the special investigation operation carried out …

Tamil Nadu GST Dept. Issues Instruction To Identify Fake Billing Traders Applying For New GST Registration
2 years, 6 months ago

Tamil Nadu GST Dept. Issues Instruction To Identify Fake Billing Traders Applying For New GST Registration

Live Law  

The Tamil Nadu government has issued guidelines for identifying fake billing traders who apply for new GST registration. The proviso to Rules 9 and 9 of the Tamil Nadu Goods and Services Tax Rules states, "provided that where the proper officer, with the approval of an officer authorised by the Commissioner not below the rank of Assistant Commissioner, deems it …

IDs of many Indore residents used in GST fraud, say police
2 years, 7 months ago

IDs of many Indore residents used in GST fraud, say police

Hindustan Times  

The personal information, including identity documents, of a large number of Indore residents may have been obtained by three Gujarat residents accused of a ₹700 crore Goods and Services Tax fraud, police officials in Madhya Pradesh have said. “The cyber cell officials suspected that data of 80% of Indore’s population has been compromised as they used electricity bills of common …

Indore: 5 held from Gujarat for operating 550 fake firms for GST fraud
2 years, 7 months ago

Indore: 5 held from Gujarat for operating 550 fake firms for GST fraud

Hindustan Times  

Five persons have been arrested for allegedly operating 550 dummy firms from a room in Gujarat's Surat city to pull off Input Tax Credit fraud worth several crore rupees under the GST system, officials said in Indore in Madhya Pradesh on Monday. The accused have used the names of daily wagers and even that of a retired MP director general …

Serious Allegations Of Availing Fraudulent GST ITC In Electronic Credit Ledger: Madras High Court Refuses Refund Of Amount
2 years, 9 months ago

Serious Allegations Of Availing Fraudulent GST ITC In Electronic Credit Ledger: Madras High Court Refuses Refund Of Amount

Live Law  

The Madras High Court bench of Justice C. Saravanan refused to grant a refund of the amount lying in the assessee's electronic cash ledger on the grounds that there were serious allegations against the assessee for having an availed fraudulent input tax credit in the electronic credit ledger on the strength of a bogus and fictitious input tax invoice for …

CGST officials bust fake input tax credit racket of Rs 12 crore, one arrested
2 years, 10 months ago

CGST officials bust fake input tax credit racket of Rs 12 crore, one arrested

India Today  

A team of CGST Commissionerate, Raigad, Mumbai Zone, busted a fake input tax credit racket and arrested the proprietor of a Kalamboli-based firm named Ashok Metal Scrap. The firm was engaged in availing and passing on fake GST input tax credit of Rs 12 crore, by using bogus invoices of more than Rs 64 crore. Based on a tip-off from …

Mumbai: CGST busts fake invoices racket, one arrested
2 years, 11 months ago

Mumbai: CGST busts fake invoices racket, one arrested

India Today  

Officers of Central Goods and Services Tax, Mumbai, busted a network of fictitious firms that issued fake invoices of bullion of around Rs 1,650 crores and fake Input Tax Credit of Rs 49.7 crore and arrested an accused. These three entities had collectively availed and passed on a fake ITC of Rs 29.4 crore to another entity, Gajamukhi Bullion, which …

Thane: Couple arrested for GST evasion of Rs 12.23 crore
2 years, 11 months ago

Thane: Couple arrested for GST evasion of Rs 12.23 crore

India Today  

The anti-evasion wing of Central Goods and Services Tax in Thane arrested a couple on Thursday for alleged tax evasion of Rs 12.23 crore. The couple was arrested as a part of an anti-evasion drive launched by CGST, Mumbai Zone, against tax evaders and fraudsters. The CGST Thane Commissionerate has detected tax evasion of Rs 1,023 crore, recovered Rs 17 …

₹347 crore GST billing scam unearthed in Delhi
3 years ago

₹347 crore GST billing scam unearthed in Delhi

The Hindu  

The GST Department of the Delhi government on Saturday unearthed a ₹347 crore fake GST billing scam spread across 11 firms. “This is the first arrest by the Delhi GST Department and we hope that it sends a strong signal to tax evaders,” said Prince Dhawan, Special Commissioner of the Delhi GST Department. “The proprietor of Ms. Super Steel India …

After WazirX, several cryptocurrency providers raided for GST evasion
3 years ago

After WazirX, several cryptocurrency providers raided for GST evasion

Op India  

The Directorate General of GST Intelligence has conducted searches at the offices of major cryptocurrency providers in the country, reported ANI. The development comes a day after the GST Mumbai East Commissionerate recovered ₹49.20 crore cash of evaded Good and Service Tax from renowned cryptocurrency provider WazirX. While speaking to ANI, sources informed, “Around half dozen offices of Cryptocurrency Service …

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