Searched for
GST INVOICE FRAUD
Fino Payments bank CEO Rishi Gupta resigns after 'fit and proper' clearance, interim chief extendedFino Payments Bank board accepted Rishi Gupta's resignation as MD and CEO. This decision came even after the board found him fit and proper...- 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...
- DGGI arrests two in Rs 177 crore GST fraud, linked to fake firmsThe Directorate General of Goods and Services Tax Intelligence has apprehended two individuals in Hyderabad. They are linked to a substanti...
- 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...
- Delhi: How the transfer of an officer uncovered a massive GST fraud involving 500 fake companiesDelhi's anti-corruption branch arrested seven people, including a suspended GST officer, for their roles in a massive GST fraud involving f...
- 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 Rs 34 cr ITC fraudThe seven firms were created to generate bogus GST invoices, with an intent to pass on fraudulent ITC without actual movement of goods and ...
- 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...
- Budget may make faking input tax non-bailable crime for buyers tooCXOs, directors or employees directly responsible for making such claims can also be penalised.
- DGGI asks ICAI to take action against three chartered accountants arrested for GST invoice fraudSources at DGGI and Central Goods and Service Tax Commissionerates said five more GST invoice fraudsters were arrested on the eighth day of...
- 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...
- Bring GSTR with invoice matching for all by January: Bengal FMBengal FM wrote that he had forewarned that giving up invoice matching would lead to widespread tax frauds and hawala transactions.
- 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 may also impact income tax collections: ExpertsOnce captured in the GST system, tax officials can make an educated guess about income and evasion over the past years.
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