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GST EVASION CASES
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...- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- RBI approves 3-month extension for Fino Payments Bank interim CEOFino Payments Bank announced that the Reserve Bank of India has approved a three-month extension for Ketan Merchant as interim CEO. This fo...
- CIC flags lack of tracking system for tax evasion complaints, urges GST authorities to improve transparencyThe Central Information Commission has urged GST authorities to implement a system for tracking tax evasion complaints. Currently, complain...
- 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 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...
- Gujarat: Over 17,000 cases of GST evasion detected in last two yearsGujarat's legislative assembly revealed over 17,000 GST evasion cases amounting to Rs 2,043.59 crore in the last two years. State finance m...
- GST evasion of Rs 1.95 lakh crore detected by CGST officers during April-JanuaryCentral GST officers detected Rs 1.95 lakh crore tax evasion in 25,397 cases between April and January of the ongoing fiscal. The governmen...
- 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...
- GST officers detect Rs 1.36 lakh cr evasion in current fiscalThe Finance Ministry has revealed that GST Intelligence Officers have uncovered Rs 1.36 lakh crore in GST evasion during the current fiscal...
- GST evasion: Taxmen using data analytics to identify 'missing link' in supply chainThe modus operandi adopted by fraudsters included short payment of tax by undervaluing taxable goods and services, wrong availment of exemp...
- GST evasion detection nearly doubles to Rs 1.01 lakh cr in FY23"DGGI officers have detected evasion to the tune of Rs 1,01,300 crore in 2022-23. Of this, recovery of Rs 21,000 crore have been made," the...
- GST dept to scrutinise I-T, MCA data to identify entities not paying taxesCurrently, there are 1.38 crore registered businesses and professionals under the Goods and Services Tax (GST), which was launched on July ...
- 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...
- SC agrees to examine power of tax authorities to arrest individual for GST evasionA vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose issued notice to the Centre and sought its reply on a bat...
- GST, excise, service tax evasion of Rs 48,555 crore detected during Apr-Dec 2018Of this, investigation in 3,626 cases of GST evasion/violations was initiated till December in the current financial year by Central GST (C...
- 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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