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FAKE INVOICES FRAUD
Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giantLulu Group email fraud: Kochi City Police have registered a case and launched an investigation into an alleged email impersonation fraud in...- GST reforms aim to boost compliance by removing fear, widening tax baseRate rationalisation showed that a lower rate yields more revenue as the base widens, and process reforms rest on the same principle. A bus...
- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
- IRDAI insurance commission curbs: Why the industry is facing a reckoningThe IRDAI's move to tighten commission caps in India's insurance sector has sparked considerable attention. Despite previous regulatory att...
- Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
- GST leaks need plugging as fake invoices surge and exporters face liquidity strainIndia's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap sector. This pract...
- Govt says 55,813 cases of GST evasion worth Rs 1.6 lakh cr detected in last 3 years 7 monthsOver 55,000 GST evasion cases totaling Rs 1.6 lakh crore were detected in the last three years and seven months, involving fake invoicing a...
- GST 'fraud': MNCs gained from fake ITC worth crores, says EDThe Enforcement Directorate is investigating a multi-crore fake Input Tax Credit fraud. Raids were conducted across multiple states includi...
- GST fraud a new challenge for UP government; Noida sees cases double in three yearsIrregularities related to Goods and Services Tax (GST) evasion in Noida have doubled in the past three years, with 291 cases detected and I...
- GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 peopleDuring 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested.
- GST authorities arrest 12 more in ongoing crackdown on fake invoicingSeveral such instances have been unearthed by the authorities earlier where chartered accountants have been involved in bogus firms and/or ...
- Crackdown on fraudulent ITC availment continues: 258 arrested so farDGGI sources said that out of the 258 arrested so far, at least two persons have been booked under COFEPOSA or Conservation of Foreign Exch...
- GST authorities arrest 215 persons in fake invoice cases, recover over Rs 700 crore in 2 monthsThose arrested by the Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates include six Chartered Accountants and on...
- Centre, states look to tighten GST registration processA meeting of the law committee of the GST Council has been convened on Wednesday to discuss these issues, finance ministry sources said.
- Further tightening of GST registration process likelyThe move follows a nationwide crackdown by the tax authorities on invoice frauds and the arrest of 25 people.
- Bengaluru: Four men arrested over Rs 200 crore GST frauds in cityFour men who committed tax fraud in separate cases amounting to over Rs 200 crore have been arrested over the past few weeks. They allegedl...
- Taxmen flag two cases of fraud in Delhi amid crackdown on fake invoicingTax authorities under the Delhi CGST zone unearthed the two cases, one of which involved issuing of fake invoices for fraudulently availing...
- Taxmen detect Rs 37,946 cr fraud in FY19In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.
- 535 cases of fake invoices involving ITC claims of Rs 2,565 cr detected in current fiscalIn 2018-19, 1,620 cases of fake invoices were registered involving fraudulent ITC claim of Rs 11,251 crore under the goods and services tax...
- GST officials detect tax fraud of Rs 224 cr by 8 companiesThe companies have been generating fake invoices without actual supply of TMT bars, MS bars, MS flat products among others.
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