5 Ludhiana businessmen booked for tax evasion
Trending News
1 month, 3 weeks ago

5 Ludhiana businessmen booked for tax evasion

Hindustan Times  

The state goods and services tax department has conducted multiple raids across the city, leading to registration of cases against five businessmen on tax evasion charges. GST state inspector Jaspal Singh filed a complaint against Juneja Hosiery after multiple ‘fraudulent’ GST bills were found during an inspection. According to the first-information reports, the accused allegedly generated fake GST bills and evaded tax payments. GST officer Ashwani Kumar filed a complaint at the Sahnewal police station against Shiv Shakti Enterprises and Surinder Kumar. In another case, the state GST department lodged a complaint against Amritpal Singh, the proprietor of Gurjas Arts, Gill Road at the division number 6 police station.

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Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January
2 weeks, 4 days ago

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January

India TV News  

Central GST officers detect tax evasion of Rs 1.95 lakh crore during April-January During the Budget Session Lok Sabha proceedings, Minister of State for Finance Pankaj Chaudhary told the House that in this fiscal year till January, 25,397 cases of GST evasion have been detected. In a shocking development, the officers of the Central GST have detected tax evasion of …

Ludhiana: 3 agents dupe 2 Hoshiarpur men of ₹75k on pretext of Kuwait visas
3 weeks, 5 days ago

Ludhiana: 3 agents dupe 2 Hoshiarpur men of ₹75k on pretext of Kuwait visas

Hindustan Times  

The Jamalpur police registered a case against three travel agents for allegedly duping two Hoshiarpur residents of ₹75,000 on the pretext of arranging work visas for Kuwait, officials said. The complainant said he and his acquaintance Jagtar Singh from Haryana village in Hoshiarpur had approached the Ludhiana-based travel agents for work opportunities in Kuwait. According to the complaint, the accused …

Bogus companies, fake invoices: ₹1,196 crore GST fraud unearthed by DGGI Pune Zonal Unit; check details
1 month, 2 weeks ago

Bogus companies, fake invoices: ₹1,196 crore GST fraud unearthed by DGGI Pune Zonal Unit; check details

Live Mint  

The Pune Zonal Unit of the Directorate General of GST Intelligence has busted a Goods and Services Tax evasion racket involving a fraudulent input tax credit scam of ₹1,196 crore and arrested one individual in connection with the case. The investigation has revealed a sophisticated network of bogus companies engaged in fraudulent Input Tax Credit transactions, reported PTI quoting DGGI …

GST evasion of ₹1.88 lakh crore detected by CGST officers during April-Dec 2024
1 month, 2 weeks ago

GST evasion of ₹1.88 lakh crore detected by CGST officers during April-Dec 2024

The Hindu  

GST evasion of over ₹1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was informed on Monday. Minister of State for Finance Pankaj Chaudhary said GST evasion, including ITC fraud cases, in 72,393 cases between April and December stood at ₹1.88 lakh crore. In the 2023-24 fiscal, CGST officials detected GST evasion of ₹2.30 …

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024
1 month, 2 weeks ago

GST evasion of ₹1.88 lakh cr detected by CGST officers during April-Dec 2024

Live Mint  

New Delhi, Feb 10 GST evasion of over ₹1.88 lakh crore was detected by Central GST officers during April-December 2024, the Lok Sabha was informed on Monday. Minister of State for Finance Pankaj Chaudhary said GST evasion, including ITC fraud cases, in 72,393 cases between April and December stood at ₹1.88 lakh crore. In the 2023-24 fiscal, CGST officials detected …

Ludhiana: 3 held over ₹80-crore fake billing scam
1 month, 3 weeks ago

Ludhiana: 3 held over ₹80-crore fake billing scam

Hindustan Times  

The local unit of directorate general of GST intelligence bused a fake billing scam worth ₹79.4 crore in the insurance sector, officials said, adding that three individuals were arrested. Following this, authorities cancelled GST registrations of 22 fraudulent firms and blocked ₹97 lakh in fake credit obtained through fake billing. They purchased fake bills from suppliers across Uttar Pradesh, Delhi, …

Massive GST fraud involving senior officials, transporters, and mafia exposes multicrore evasion scheme
2 months, 1 week ago

Massive GST fraud involving senior officials, transporters, and mafia exposes multicrore evasion scheme

New Indian Express  

He said, “Law-abiding transporters are subjected to harassment and extortion by criminal syndicates. Ten operators totally handle hundreds of trucks each day and the volumes are colossal.” He provided the names of the ten operators, and said the names of the others can be provided on request. These companies lease vehicles from independent truck owners for illegal operations, paying up …

Vizag GST slueths arrest Tamil Nadu man over ₹35 cr tax fraud
2 months, 1 week ago

Vizag GST slueths arrest Tamil Nadu man over ₹35 cr tax fraud

The Hindu  

Directorate General of GST Intelligence officials of the Visakhapatnam Zonal Unit have arrested a man based out of Tamil Nadu for allegedly generating fake invoices worth ₹230 crore and committing a Goods & Service Tax input tax credit fraud, causing a loss of ₹35 crore to the government exchequer. The officials say the accused is the mastermind behind a complex …

Kerala GST department raids organisers of controversial Kochi dance event over tax evasion
2 months, 2 weeks ago

Kerala GST department raids organisers of controversial Kochi dance event over tax evasion

The Hindu  

The intelligence wing of the State Goods and Services Tax department in Kerala is carrying out simultaneous raids at the offices of the organisers of the controversial mass dance event at Jawaharlal Nehru International Stadium at Kaloor in Kochi, Kerala, and also at the residences of their owners across three districts. The raids are being carried out after the State …

Ludhiana: 3 travel agents booked for fraud
3 months ago

Ludhiana: 3 travel agents booked for fraud

Hindustan Times  

The Ludhiana police have booked three travel agents for allegedly duping people on the pretext of sending them abroad. In the first case, the Sadar police booked a couple for duping a neighbour of ₹7 lakh on the pretext of getting her son settled abroad. Complainant Baljeet Kaur, a resident of Guru Nanak Colony, said her son Navdeep Singh wanted …

Ludhiana: Posing as cops, robbers take away ₹16 lakh from city man
3 months ago

Ludhiana: Posing as cops, robbers take away ₹16 lakh from city man

Hindustan Times  

A Delhi resident his six unidentified accomplices allegedly posed as police personnel and robbed a city resident of ₹16 lakh in a hotel near Amar Shaheed Sukhdev Thapar Inter State Bus Terminal. The victim, Amarjeet Singh, 26, of Jain Colony, Rahon Road, later realised that the Delhi resident, Amit Kumar, was part of the conspiracy when he fled with imposters. …

Department Failed To Prove Non-Existence Of Firms: Rajasthan High Court Grants Bail To Assessee Charged For Issuing Fake Invoices
3 months, 3 weeks 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 …

Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrested
3 months, 3 weeks ago

Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrested

Deccan Chronicle  

New Delhi: Central tax officers have booked 12,803 cases of GST evasion and arrested 101 persons during the past four financial years in Gujarat, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "In the State of Gujarat, during Financial Year 2021-22 to 2024-25, the number of GST evasion cases booked by Central Tax formations is 12,803," Sitharaman said. …

Ludhiana: GST fraud using city man’s identity uncovered, probe on
3 months, 3 weeks 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 …

Woman's Lavish House Grabbed in Ludhiana Property Fraud Case
5 months ago

Woman's Lavish House Grabbed in Ludhiana Property Fraud Case

Hindustan Times  

Four individuals have been booked for allegedly grabbing property worth ₹40 crore from a woman in Ludhiana. The accused, including a mother-son duo and their aides, were identified as Harkirat Kaur, Sukhwinder Singh, and Harjit Singh. The woman, Pammi Sidhu, alleged that the accused prepared fake documents and grabbed her property. She and her son are forced to live in …

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

Job Scam Alert: UP Man Accepts 'Offer Letter' on WhatsApp, Faces Rs 250 Crore GST Bill Now
6 months, 3 weeks 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 registers corruption cases against two city-based GST officers
7 months, 1 week ago

CBI registers corruption cases against two city-based GST officers

Deccan Chronicle  

Hyderabad: The GST officials V Anand Kumar and Manish Sharma, who allegedly demanded bribes from a businessman, indulged in lodging a fake complaint and the Saroornagar police registered cases by arresting the complainant and sent jail to not lodging a complaint with the CBI on corruption activities. Based on the complaint, the CBI officials registered cases.The Senior Intelligence Officer Anand …

CBI conducts searches at two places in Hyderabad, Books case against two GST officials
7 months, 2 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 …

GST officer among 7 held in Delhi for forging receipts of ₹718 cr
7 months, 2 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 …

Fraudsters posing as crime branch officials dupe Ludhiana lawyer of ₹12 lakh
9 months, 2 weeks ago

Fraudsters posing as crime branch officials dupe Ludhiana lawyer of ₹12 lakh

Hindustan Times  

The fraudsters impersonating officials of the Mumbai crime branch allegedly duped a city-based lawyer of over ₹12 lakh. The Ludhiana-based lawyer alleged that the accused threatened to implicate him in a peddling case and demanded ₹ 12.11 lakh for not registering a case against him After he realised he had been duped, he filed a complaint with the police. The …

Irregularities of Rs 1,170 crore unearthed in scrap trade
10 months 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
10 months 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
10 months, 1 week 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
10 months, 3 weeks 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 …

Finance Minister bats for swift clarity on GST classification issues
1 year 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 …

Central GST superintendent in CBI net for bribery
1 year, 2 months ago

Central GST superintendent in CBI net for bribery

New Indian Express  

ROURKELA: CBI officials on Thursday caught a central GST superintendent red-handed while he was allegedly accepting Rs 20,000 bribe from a contractor in his office in Civil Township here. The accused, central GST superintendent of Kaluna range Amarkant Kumar, was reportedly receiving illegal gratification from the contractor to change an erroneously fixed GST liability of Rs 8 lakh to Rs …

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due
1 year, 3 months 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 …

In GST Regime All Details Are Available On Portal Of GST Department, Department Must Verify: Allahabad High Court Quashes Penalty Order
1 year, 4 months ago

In GST Regime All Details Are Available On Portal Of GST Department, Department Must Verify: Allahabad High Court Quashes Penalty Order

Live Law  

The Allahabad High Court has held that in the GST regime all details and returns filed are available on the portal of the GST Department and the authorities can verify from the portal the amount of tax deposited after filing of GSTR -1 and GSTR 3 B. Since the petitioner had not availed any input tax credit, action could not …

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues
1 year, 5 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, 5 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 …

While you see a plate of biriyani, govt sees evasion of GST
1 year, 5 months ago

While you see a plate of biriyani, govt sees evasion of GST

The Hindu  

The Commercial Tax sleuths on Monday conducted a series of raids on the famous non-vegetarian hotels in Hoskote and unearthed huge GST evasion using UPI payment mode. A team of 50 officials conducted searches at the business premises and residences of hoteliers, who mainly run biriyani outlets. C. Shikha, Commissioner, Commercial Tax, said that the modus operandi is receiving payments …

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, 6 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, 7 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 …

UP labourer gets GST notice on 'Rs 1.36 crore turnover', case registered in Noida
1 year, 8 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 …

Rs 15,000 crore tax evasion detected, over 4,900 fake GST registrations cancelled
1 year, 8 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 …

Ahead of GST Appellate Tribunal’s launch, an SOP for investigations
1 year, 11 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
2 years 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, 3 months 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 …

Telangana GST teams conduct raids on Rajgopal Reddy\'s son firm
2 years, 4 months ago

Telangana GST teams conduct raids on Rajgopal Reddy\'s son firm

Deccan Chronicle  

Hyderabad: Days after the ED raided premises linked to Telangana BC Welfare Minister Gangula Kamalakar as part of a money laundering investigation related to an alleged granite scam, state Goods and Service Tax investigators conducted searches at Sushee Infra and Mining belonging to family members of Telangana BJP Leader Komatireddy Raj Gopal Reddy on Monday. Around 11 a.m. on Monday, …

I-T dept raids pharma company across states
2 years, 7 months ago

I-T dept raids pharma company across states

Hindustan Times  

LUDHIANA: Suspecting tax evasion, the investigation wing of income tax department conducted simultaneous raids on over 30 premises of Gurmail Brothers - pharmaceutical company in Ludhiana, Amritsar, Delhi, Himachal Pradesh among other areas - on Wednesday. Suspecting tax evasion, the investigation wing of income tax department conducted simultaneous raids on over 30 premises of Gurmail Brothers - pharmaceutical company in …

Maharashtra businessman held for availing Input tax credit of over Rs 40 crore
2 years, 7 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 …

IDs of many Indore residents used in GST fraud, say police
2 years, 9 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 …

Hyderabad: Five GST officials booked for 'detaining' businessman's wife
2 years, 10 months ago

Hyderabad: Five GST officials booked for 'detaining' businessman's wife

Firstpost  

The woman said that on 27 February, 2019, five people, claiming to be officials from GST, barged into her house when her husband was abroad in connection with his business Hyderabad: Five GST officials were booked by the police here for allegedly detaining and threatening a 43-year-old wife of a businessman after a search operation was conducted at her house …

₹347 crore GST billing scam unearthed in Delhi
3 years, 2 months 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, 2 months 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 …

Fake firms used for ₹300 crore GST evasion in Jharkhand: CGST dept
3 years, 7 months ago

Fake firms used for ₹300 crore GST evasion in Jharkhand: CGST dept

Hindustan Times  

The Central Goods and Services Tax department, Ranchi, has unearthed an alleged ₹300 crore scam wherein firms, mainly from Chhattisgarh and Odisha, used fake bills and invoices generated by shell companies registered in Jharkhand for tax evasion, officials said on Thursday. Officials said most of the firms dealt in coal and scrap in Chhattisgarh and Odisha As per CGST officials, …

2 more arrested in ₹484 crore GST billing scam in Ludhiana
3 years, 11 months ago

2 more arrested in ₹484 crore GST billing scam in Ludhiana

Hindustan Times  

Two more persons were arrested on Thursday in the ₹484 crore Goods and Services Tax billing scam that was unearthed in Ludhiana recently. 2 more arrested in ₹ 484 crore GST billing scam in Ludhiana The accused were identified as Gurtej Singh and Sagar, proprietors of two of the 19 firms involved in the fake invoicing racket run by Baljinder …

GST officers bust network of 46 fake firms used to fraudulently claim Rs 82 crore input tax credit
4 years, 1 month ago

GST officers bust network of 46 fake firms used to fraudulently claim Rs 82 crore input tax credit

India TV News  

GST officers have busted a network of 46 fake firms which used to generate fake invoices and fraudulently avail input tax credit worth Rs 82.23 crore, the finance ministry said on Tuesday. Through the use of extensive data analytics, officers of Delhi East GST were able to identify and unravel a network of 46 fake firms which were operating since …

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