Vizag GST slueths arrest Tamil Nadu man over ₹35 cr tax fraud
4 hours, 51 minutes 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 GST fraud involving the creation of 80 shell companies using the stolen identities of unsuspecting individuals. Modus operandi The officials said the accused generated fraudulent input tax credit claims and passed them on to the shell companies by generating fake invoices without an underlying supply of goods and services, thereby illegally reducing GST liabilities. Following search operations in Andhra Pradesh, Karnataka and Tamil Nadu, the authorities acted swiftly, and arrested the accused.

Tamil Nadu Accused Gst Fake Invoices Cr Tax  slueths  visakhapatnam  fake  companies  shell  vizag  man  gst  arrest  fraud  accused  officials  nadu  cr  tax  tamil  invoices

History of this topic

Did panipuri vendor get GST notice for earning Rs 40 lakh? Here's the truth
1 week, 3 days 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
3 weeks, 3 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 …

Bengaluru tops digital fraud cases as Karnataka faces ₹109 crore loss in scams
Trending News
1 month ago

Bengaluru tops digital fraud cases as Karnataka faces ₹109 crore loss in scams

Hindustan Times  

In 2024, residents of Karnataka have been defrauded of ₹109.01 crore through elaborate digital arrest scams, where criminals impersonate government officials to extract money. Karnataka police arrested 27 individuals connected to these operations, though none of the accused from Bengaluru cases have been caught so far. Addressing a question raised by BJP MLC K Prathap Simha Nayak, the minister revealed …

Tamil Nadu cyber crime police arrest three in Rs 3.84 crore scam in Chennai
1 month ago

Tamil Nadu cyber crime police arrest three in Rs 3.84 crore scam in Chennai

New Indian Express  

CHENNAI: Three people have been arrested by the Tamil Nadu Cyber Crime police on charges of swindling Rs 3.84 crore from a man in a digital arrest scam. The police said that Harish was a mule account holder who earned Rs 1 lakh by selling his account, while Logesh, a mule account agent, confessed to providing two bank accounts to …

Haryana police bust major cyber fraud, 8 arrested for defrauding over 1,900 people of Rs 9 crore
1 month, 1 week ago

Haryana police bust major cyber fraud, 8 arrested for defrauding over 1,900 people of Rs 9 crore

India TV News  

In a significant breakthrough, the Sonipat police have uncovered a large-scale cyber fraud operation, arresting eight individuals who defrauded 1,931 people across India of nearly Rs 9 crore. The accused, identified as Ajay, Pintu, Sachin, Rawalram, Harimohan, Rakesh, Yashraj, and Deshraj, were arrested in Rajasthan’s Jaipur, Savai Madhopur, and Jodhpur after an investigation prompted by a complaint from a local …

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

Vizianagaram: Digital arrest scam busted, five arrested
1 month, 1 week ago

Vizianagaram: Digital arrest scam busted, five arrested

Deccan Chronicle  

Visakhapatnam: The Vizianagaram One Town Police have cracked a major digital arrest scam, leading to the arrest of five persons involved in the fraudulent operation. On October 10, 2024, she received a call from an individual impersonating a police officer, claiming that drugs had been found in a parcel sent by her and that she was under a ‘digital arrest.’ …

Ludhiana: GST fraud using city man’s identity uncovered, probe on
1 month, 2 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 …

Man Held for Swindling Over ₹2.79 Cr in Chit Fund Scam
1 month, 2 weeks ago

Man Held for Swindling Over ₹2.79 Cr in Chit Fund Scam

Deccan Chronicle  

Hyderabad:The Cyberabad economic offences wing police arrested Appampally Surya Pratap Reddy of Chandanagar for allegedly swindling one Nasar khan of over `2.79 crore in a chit fund scam. Man Steals From Relative’s Shop Hyderabad:The Mangalhat crime team police arrested two persons for a theft of `17.50 lakh worth kitchen hardware. Cops Arrest Duo With 18kg Ganja Hyderabad: The Government Railway …

Karnataka man loses ₹1.7 crore to fraudsters posing as CBI, TRAI officials: Report
1 month, 3 weeks ago

Karnataka man loses ₹1.7 crore to fraudsters posing as CBI, TRAI officials: Report

Hindustan Times  

A Karnataka resident lost ₹1.7 crore in an elaborate online scam where fraudsters posed as officials from the Central Bureau of Investigation and Telecom Regulatory Authority of India, Deccan Herald reported. Police have registered a case and launched an investigation into the fraud As per the report, the ordeal began on November 11 when the victim received a call from …

Online trading fraud: Three men from Coimbatore and Namakkal arrested
2 months, 1 week ago

Online trading fraud: Three men from Coimbatore and Namakkal arrested

The Hindu  

The Cyber Crime Wing of the Tamil Nadu Police arrested three men from Coimbatore and Namakkal districts on charges of cheating several people by coaxing them to transfer money on the false promise of high returns on investments in an online trading scheme. On July 19, a complainant from Madurai reported that he was defrauded of ₹92 lakh after he …

Hyderabad: 100 Scammed in Job Visa Fraud; 2 Arrested
2 months, 1 week ago

Hyderabad: 100 Scammed in Job Visa Fraud; 2 Arrested

Deccan Chronicle  

Hyderabad: Two residents of Bachupally were arrested on Wednesday for their alleged role in a job visa racket which duped 100 people of Rs 5 crore in the name of a fake company Abroad Study Plan Educational Consultancy. The arrested persons Ganta Sunil Kumar and Chikati Navyyasri have been remanded in judicial custody. Kamalakar, a native of Karimnagar, who said …

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

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

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
4 months ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

Job Scam Alert: UP Man Accepts 'Offer Letter' on WhatsApp, Faces Rs 250 Crore GST Bill Now
4 months, 1 week 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 …

Gurugram man in Australia gets GST evasion notice, finds shell firm in his name
4 months, 3 weeks ago

Gurugram man in Australia gets GST evasion notice, finds shell firm in his name

Hindustan Times  

A 25-year-old man from Gurugram, who has been living in Australia since 2018, received a show-cause notice from the Income Tax department for GST evasion on March 31. The notice, sent to Divyrup Singh Mann via email, revealed financial transactions worth over ₹133 crores, leading to the discovery of a shell company fraudulently operating under his name in Delhi, police …

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

Tax Invoice Scam & Fake Timber Sale Worth ₹20 Crore: Uttarakhand HC Upholds Bail Cancellation Of Accused Who Allegedly Operated Fictitious Firms
5 months, 2 weeks ago

Tax Invoice Scam & Fake Timber Sale Worth ₹20 Crore: Uttarakhand HC Upholds Bail Cancellation Of Accused Who Allegedly Operated Fictitious Firms

Live Law  

The Uttarakhand High Court has upheld the trial court's order cancelling bail to Mohd. “….conduct of the applicant, seeking regular bail without disclosing the material facts, about the criminal history and the facts about his conviction clearly reveals that he procured the bail by way misrepresentation and in such an eventuality, the same Court was right in cancelling the bail”, …

Two held for defrauding resident of ₹48.5L
6 months, 3 weeks ago

Two held for defrauding resident of ₹48.5L

Hindustan Times  

Noida HT Image Two persons were arrested for allegedly defrauding a person of ₹48.5 lakh in the guise of share trading through fraudulent apps and shell companies from Sector 44 on Wednesday, police. “The arrested accused, to open the accounts of RK Traders and other shell companies, rented a shop in the name of a fake firm by preparing a …

Delhi Police busts gang issuing fake caste certificates; govt. official held
7 months ago

Delhi Police busts gang issuing fake caste certificates; govt. official held

The Hindu  

Four people, including an Executive Magistrate at the Delhi government’s Revenue Department, have been arrested by the police for issuing over 100 fake caste certificates in the national capital. The gang was busted after two Delhi Police personnel impersonating customers from the general category approached the accused to get fake caste certificates. The accused would issue fraudulent Other Backward Class, …

Irregularities of Rs 1,170 crore unearthed in scrap trade
7 months, 3 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, 3 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, 4 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, 1 week 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 …

Three held for GST fraud, luxury cars, including a Maserati, recovered
8 months, 2 weeks ago

Three held for GST fraud, luxury cars, including a Maserati, recovered

Hindustan Times  

In a joint operation, officials from the Sector 20 police station and the crime response team, Noida, arrested three people in the ₹10,000 crore GST irregularities case on Wednesday, senior police officers said, adding that more than 40 people have been arrested in the case that was registered in last June so far. Six luxury cars, ₹ 1.41 lakh cash, …

Delhi businessman arrested in ₹10,000 crore GST fraud case
9 months ago

Delhi businessman arrested in ₹10,000 crore GST fraud case

Hindustan Times  

Noida police on Wednesday arrested a Delhi-based businessman for his alleged involvement in the ₹10,000 GST irregularities case, senior officers said, adding that more than 30 people have been arrested in the case since the irregularities came to fore in last June. They are identified as Sanjay Dhingra, Kanika Dhingra, Mayank Dhingra, Mayur Nagpal, Charu Nagpal, Punit Bhardwaj and Sanjay …

3 held from Gujarat for cheating Ggm resident of ₹1.05 crore
9 months, 3 weeks ago

3 held from Gujarat for cheating Ggm resident of ₹1.05 crore

Hindustan Times  

Three suspected members of a cybercrime gang were arrested from Porbandar and Valsad in Gujarat for their alleged involvement in cheating a city resident of ₹1.05 crore after luring him with the promise of hefty returns if he invested in the stock market, police said on Sunday. Investigators said that three mobile phones, five cheque books, two bank passbooks and …

Over ₹1,000-crore GST fraud in Telangana unearthed by CT department
10 months 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, 1 week 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 …

Police Explain Reasons for Arrest of TD Leader’s Son
10 months, 1 week ago

Police Explain Reasons for Arrest of TD Leader’s Son

Deccan Chronicle  

Vijayawada: Vijayawada police have arrested P. Sarath, son of former minister and Telugu Desam leader Prathipati Pulla Rao, for misappropriating government funds by creating a fake voice in the name of a fake company. In a press release on Saturday, NTR district police commissioner Kanthi Rana Tata explained that on February 25, 2024, the deputy director of Andhra Pradesh State …

Tax sleuths sniff out odd money trail in steel scrap from Bantwal in Dakshina Kannada
11 months, 2 weeks 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 …

Central GST superintendent in CBI net for bribery
11 months, 2 weeks 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 …

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 …

[Kerala GST Act] 'Officials Can Invoke Power To Arrest U/S 69 If Offence Made Out U/S 132': HC Denies Bail To Man In ₹6.4 Crore Tax Evasion Case
1 year ago

[Kerala GST Act] 'Officials Can Invoke Power To Arrest U/S 69 If Offence Made Out U/S 132': HC Denies Bail To Man In ₹6.4 Crore Tax Evasion Case

Live Law  

The Kerala High Court made it clear the officials can invoke the power to arrest under Section 69 of the Kerala State Goods and Services Act, 2017 if there was a reasonable belief that an offence under Section 132 was made out and that custodial interrogation was necessary. Thus, the reference to Section 132 in Section 69 is only to …

Modi govt’s big business push? India considers easing arrest threshold for GST tax evasion
1 year, 2 months ago

Modi govt’s big business push? India considers easing arrest threshold for GST tax evasion

Firstpost  

The proposal seeks to increase the threshold from the current ₹2 crore to ₹3 crore as part of an initiative to decriminalize specific aspects of tax evasion. This initiative is part of a broader effort to decriminalize specific aspects of tax evasion, aiming to alleviate undue pressure on businesses and create a more favourable environment for conducting operations. However, the …

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 …

UP labourer gets GST notice on 'Rs 1.36 crore turnover', case registered in Noida
1 year, 6 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 …

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 …

HDFC Bank, Policybazaar, Go Digit and others get DGGI notice over Rs 2,250 cr tax evasion concern
1 year, 9 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 …

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