Searched for
ITC FRAUD CASES
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...- Gurugram sessions court grants a 7-day remand to Punjab Minister Sanjeev AroraPunjab Minister Sanjeev Arora was remanded for seven days by a Gurugram court following his arrest by the Enforcement Directorate in a Rs 1...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- 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 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...
- DGGI officers uncover 6 shell companies issuing fraudulent invoices, Rs 48 crore fake IT claimsDirectorate General of GST Intelligence, Bengaluru, busted a major GST fraud. Searches in Delhi revealed fake invoices worth Rs 266 crore. ...
- 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...
- GST officers detect Rs 35,132 cr ITC evasion by over 17,000 fake firmsGST authorities uncovered INR 35,132 crore in input tax credit (ITC) fraud by 17,818 fictitious firms between April and October. Sixty-nine...
- Rs 15,000 crore GST fraud: How a businessman cheated via 3,300 shell companies, 35 fake firms and electricity billsDelhi-based businessman Tushar Gupta has been arrested in connection with a Rs 15,000 crore GST fraud exposed last year. Gupta was part of ...
- DGGI finds 8k fraud ITC claim casesThe director general of goods and services tax intelligence has detected around 8,000 cases of fraudulent input tax credit claims and is is...
- CBIC asks taxmen to complete GST evasion investigations within a yearThe CBIC observed if the issuance of SCNs is pushed to close proximity of the end dates/last dates, it may leave very little time with the ...
- GST officers detect Rs 4,000 crore of ITC fraud in April-JuneIn a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said 7,268 cases of ITC fraud involving R...
- 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 fraud of Rs 20,124 crore detected during November 9-January 31: Nirmala SitharamanGiving details of detection/recovery from November 9, 2020 (Date of initiation of special drive) to January 31, the minister said 2,692 cas...
- About 45K entities to come under mandatory 1% cash payment of GST liability ambitThe government's decision on mandatory payment of at least 1% of GST tax liability in cash will impact only around 40,000 to 45,000 taxpaye...
- Amount of fraud in GST needs cautious approach: OfficialDeputy commissioner, north, CGST Naveen Rana said in a CII organised webinar that there are many reasons for blocking ITC by the department...
- 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...
- 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...
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