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GUJARAT GST FRAUD
Rs 7,00,00,00,00,00,000 and counting: How taxmen filtered 60,00,00,00,00,00,000 bytes biryani bill data to detect mother of all GST scamsA major GST evasion scam has been uncovered in India's restaurant sector. AI analysis of billing data revealed suppressed sales worth thous...- GoM on GST meets to take up falling mop up, curb fraudA Group of Ministers (GoM) convened to address declining GST revenue in major states and combat input credit frauds, which have caused sign...
- State finance ministers' panel discusses ways to curb ITC frauds, sector-specific tax evasionA panel of state finance ministers convened to address the escalating issue of tax evasion, particularly concerning Input Tax Credit (ITC) ...
- 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...
- Who is Mahesh Langa, 'The Hindu' journalist accused of floating 200 firms in a multi-crore fraud?Journalist Mahesh Langa is accused of involvement in a multi-crore CGST fraud, involving 200 shell companies. The Enforcement Directorate c...
- ED conducts raids in Gujarat in GST fraud caseThe Enforcement Directorate conducted multi-city searches in Gujarat related to a money laundering case involving GST fraud. The raids targ...
- 18% GST on insurance a barrier, negatively impacts Indians’ affordability: HDFC ERGO’s Parthanil GhoshHealth insurance GST: Parthanil Ghosh of HDFC ERGO noted that the 18% GST on health insurance premiums has increased costs, affecting affor...
- How the Sumpoorn index is helping banks & policymakers understand MSMEs betterMaking use of GST data, a Hyderabad-based financial technology firm claims it can show how small businesses are doing and will do at a gran...
- GST National Coordination meeting on Friday may discuss tightening noose on fake registrationsCentral and state GST officers will convene to discuss various issues, including stricter registration norms to combat fake companies evadi...
- GST officials detect 14,597 tax evasion cases in Apr-Dec 2023GST officers in India are using data analytic and artificial intelligence tools to identify taxpayers suspected of fake input tax credits. ...
- GST officers detect over 29,000 bogus firms involved in fake ITC claims of Rs 44,000 crTo curb fraud in Goods and Services Tax (GST) and increase compliance, the GST formations, under the Central Board of Indirect Taxes and Cu...
- GST evasion: ED conducts raids, seizes Rs 29 lakh cash in case against Gujarat companyAccording to a charge sheet filed by the police in this case, the ED said, the accused changed the mobile numbers linked to the Aadhaar car...
- How to boost goods and services tax revenue in the post-compensation eraAccording to a 2021 RBI study of state finances (bit.ly/3NpgRZ5), the average growth rate in collection from subsumed taxes during the thre...
- Covid 2.0: Unboxing key GST developments during the pandemicCurrently, the GST law seems to be evolving more through notifications and circulars and is still far from settling down.
- View: Arrests for alleged tax evasion isn't a joke, time taxman gets a new textbookGiven the fact that arrest under tax laws has become a fairly regular affair, it is necessary that GoI comes out with detailed guidelines o...
- Data analytics to curb fake input tax credit claimsRevenue secretary Ajay Bhushan Pandey is reviewing the matter of fraud input tax credit (ITC) claims on a weekly basis, a government offici...
- Revenue department detects 931 GST fraud cases through data analyticsRefunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the cu...
- GST: The challenges before India's largest indirect tax reformGST was supposed to untangle the indirect tax regime and facilitate economic growth.
- E-tailers caught between state laws & penalty on taxThe ecommerce companies would likely become liable to pay interest as well as heavy penalties as a result, tax experts said.
- GST has divided Surat: While textile languishes, diamond trade unaffectedThe 0.25% GST levy on rough diamonds is basically meant for tracking the transit of diamonds rather than mopping up any additional revenue ...
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