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GST EVASION
Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...- CBIC directs CGST zones to track illegal mining, curb tax evasionCentral tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral e...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says SitharamanUnion Finance Minister Nirmala Sitharaman stated no need to revise Budget estimates. Adequate fiscal buffers exist to manage global uncerta...
- GST law panel clears proposal to shield buyers' input tax credit from supplier defaultsA GST Council proposal will protect buyers from losing input tax credit. This protection applies if suppliers fail to deposit taxes with th...
- AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...
- As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- DGGI set to fire up GST recovery drive against gaming firms after Supreme Court's backingThe Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court ...
- GST evasion of Rs 7.08 lakh cr detected in 5 years, includes ITC fraud of Rs 1.79 lakh crCentral GST officers detected significant tax evasion, totaling approximately Rs 7.08 lakh crore over the past five fiscal years, with Rs 1...
- GST evasion of Rs 1.88 lakh cr detected by CGST officers during April-Dec 2024Over Rs 1.88 lakh crore in GST evasion was detected by Central GST officers between April and December 2024, with 132 arrests and Rs 20,128...
- Central tax officers book 12,803 GST evasion cases in Gujarat in 4 years, 101 persons arrestedFinance Minister Nirmala Sitharaman revealed that 12,803 GST evasion cases were booked in Gujarat from 2021-2024, with 101 arrests. In a re...
- DGGI detects Rs 2.01 lakh cr GST evasion in FY24; online gaming, BFSI most prone to evasionAs per the annual report of the Directorate General of GST Intelligence (DGGI), about 46 per cent of the evasion cases related to non-payme...
- GST intelligence unit detected over Rs 1.98 lakh crore worth tax evasion cases in 2023"DGGI has achieved an increase in detection of cases of evasion and voluntary payments. In 2023, DGGI detected 6,323 cases involving evasio...
- Ease of doing business: India may do away with arrests for sub-Rs 3 crore GST evasionCurrently, under Section 132 of the Central GST (CGST) Act, illegal credit for GST evasion is a criminal offence. GST evasion of Rs 2 crore...
- Karnataka: Commercial tax dept raids coaching classes in VijayapuraThe Belagavi enforcement wing of Karnataka's Commercial tax department has conducted raids on coaching classes in Vijayapura district suspe...
- GST evasion of Rs 55,575 crore detected in last 2 years, 719 persons arrestedThe GST department is taking steps to curb evasion, including verification of registration, e-way bill requirement, and validation for fili...
- Govt says Rs 95.86 crore recovered from 11 cryptocurrency exchanges for GST evasionZanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay were among the exchanges that were involved in GST evasion...
- Taxmen raid jewellers in Bengaluru, detect large scale GST evasionThe gold ornaments caught evaded GST of Rs 1.3 crore. "The raids were based on credible information and data analytics available in the bac...
- GST evasion worth Rs 38,896 cr detected during April-OctMinister of State for Finance Shiv Pratap Shukla said while central excise evasion of Rs 3,028.58 crore in 398 cases was unearthed during t...
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