Fake ITC

Provisional Income Tax attachment in Fake Invoice cases

Goods and Services Tax - Budget 2021 – Section 281B of the Act contains provisions which provide that in cases of assessment or reassess-ment the Assessing Officer may provisionally attach any property of the assessee, if necessary, in order to protect the interest of revenue. This can be done only with prior approval of Pr. Chief Commissioner or Pr Directo...

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Tax Evasion Through Fake Invoices & Actions by Government

Goods and Services Tax - You would have heard many GST fake invoice fraud news in recent time, in spite of many checks and balances introduced in GST laws such as GSTR-2A, Rule 36(4), e-invoicing, e-way bill etc. In a release, the CBIC said that it has so far registered about 12,000 cases of ITC fraud and arrested 365 people, […]...

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Regularization of Firms & Professional Immunity to Chartered Accountants

Goods and Services Tax - In India, majority of business class population comes from middle class and what business they do is of no relevance here but how they do is of utmost relevance. We all know the concept of sole proprietorship and partnership firms and yes this “firm” is the way in which how majority people work. Did you […]...

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4 arrest in 3 different cases of ITC fraud of Rs. 178 crore

Goods and Services Tax - In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed through extensive data analytics, have unearthed a network of fictitious firms to generate goods-less invoices and pass-on fake Input Tax Cre...

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1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore

Goods and Services Tax - A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS RELEASE 01 PERSON ARRESTED IN CASE OF ISSUING FAKE INVOICES OF RS. 55.89 CRORES AND PASSING OF INADMISSIBLE […]...

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3 Arrested In case of Issuing Fake GST Invoices of Rs. 81 Crores

Goods and Services Tax - . The modus operandi Inter alia involved creating of fake firms and generating of fake/bogus invoices through them, and passing of inadmissible Input Tax Credit on the strength of such fake/bog us invoices, without actual supply of goods....

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DGGI arrests man for fraudulently availing ITC of more than Rs 69 crore

Goods and Services Tax - DGGI Gurugram Zonal Unit (GZU), Haryana has arrested one Shei Surender Kumar Gupta resident of New Delhi on charges of availing and passing on fake input tax credit by way of receipt/issuance of invoices without any actual supply of goods or services....

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Person having network of 46 fake firms arrested in Fake GST ITC case

Goods and Services Tax - In the ongoing drive against fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, have unearthed a multi-layered network of fictitious firms being used by their operators to generate and pass on fake ITC....

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HC Grant Bail to accused in case of alleged wrongful ITC claim under GST

Anil Kumar Gupta Vs Union of India (Rajasthan High Court) - Counsel for the Union of India has vehemently opposed the bad application. It is contended that fake firms were created for claiming input tax credit. From the investigation, it is revealed that the firms were fake. The proprietor and owner of the firms are not traceable. It is further contended tha...

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Fake ITC availment case: HC refuses to interfere with the investigations

Kaushal Kumar Mishra Vs Additional Director General, Ludhiana Zonal Unit And Another (High Court Of Punjab And Haryana) - Kaushal Kumar Mishra Vs. Additional Director General, Ludhiana Zonal Unit And Another (High Court Of Punjab And Haryana) High Court held that we are of the view that the investigations being conducted by competent Officers against the petitioner are not hit by provisions of Section 6(2)(b) of CGST A...

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Bail granted in case of alleged availment of fraudulently ITC

Lupita Saluja Vs DGGI (Delhi High Court) - Lupita Saluja Vs DGGI (Delhi High Court) It is not in dispute that on the day the impugned order has been passed, the said Judge granted regular bail to the husband of the applicant after spending nearly 50 days in custody who is the person involved in day-to-day affairs of the company, however, dis...

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Panipat Court refuses bail in alleged Fake & fraudulent ITC case

Mohit Bathla Vs CGST Division Panipat (Panipat District Court) - Mohit Bathla Vs CGST Division Panipat (Panipat District Court) This order shall dispose of an application for regular bail moved on behalf of the applicant-accused, named above. 2. Briefly, the case of the prosecution is that on 24.12.2020, a search operation at the premises of M/s S.B. Chemicals of...

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HC refuses bail in case of alleged Fake ITC exceeding Rs. 5 Crore

Yogesh Jagdish Kanodia Vs State of Maharashtra (Bombay High Court) - Where Input Tax Credit (ITC) had been wrongly availed exceeds Rs.5 crores it would amount to a cognizable and non-bailable offense and the offence was punishable with imprisonment for a term, which could extend to five years and with fine under section 132 (1) (i) of the CGST Act....

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CBIC unearthed 9294 fake GSTINs in just 3 months

No. D.O.No.54/CH(IC)/2020 - (15/02/2021) - It's now three months since the drive against the fraudulent use of fake GST invoices was launched in the second week of November, 2020. As on 13th February, 2021, the department has made 3046 cases and unearthed about 9294 fake GSTINs in just these 3 months. ...

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Measures recommended by GST Council to curb fake dealers/invoice rackets

NA - (23/12/2020) - Measures recommended by GST Council to curb fake dealers/invoice rackets notified - In-Person Verification Must For GST Registration. Identification of bogus dealers through data analytics and suspension. Mandatory 1% GST payment for those risky dealers and fly-by-night operators who show unusual la...

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DGGI unearthed 4689 fake GSTINs & arrested 141 persons

No. D.O.No.45/CH(IC)/2020 - (14/12/2020) - On the anti-evasion front, DGGI formations and the CGST zones have continued their drive against fake invoice usage. They have, so far in the month-long operation. unearthed 4689 fake GSTINs and arrested 141 persons and booked cases involving wrongly availed credit of Rs.13447.95 crore....

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Detection of fake ITC to the tune of Rs. 154 Crores

F. No. IV/16-02/CIU/2020 - (09/12/2020) - Detection of availment and passing of fake ITC to the tune of Rs.154 Crores by issuance of fake invoices to the tune of Rs.1101 Crores by 206 units sprawling all over India—Regarding....

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Fictitious transactions racket of Rs. 290.70 Crore busted by DGGI, Nagpur

Release ID: 1678844 - (07/12/2020) - Fictitious transactions racket of Rs. 290.70 Crore busted by DGGI, Nagpur Arrest of Director of M/s M & M Advisors & Consultants Private Limited at Mumbai Recovery of Input Tax Credit of Rs. 25.22 Crore in Cash...

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Recent Posts in "Fake ITC"

HC Grant Bail to accused in case of alleged wrongful ITC claim under GST

Anil Kumar Gupta Vs Union of India (Rajasthan High Court)

Counsel for the Union of India has vehemently opposed the bad application. It is contended that fake firms were created for claiming input tax credit. From the investigation, it is revealed that the firms were fake. The proprietor and owner of the firms are not traceable. It is further contended that evasion of tax has an effect on the ec...

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Fake ITC availment case: HC refuses to interfere with the investigations

Kaushal Kumar Mishra Vs Additional Director General, Ludhiana Zonal Unit And Another (High Court Of Punjab And Haryana)

Kaushal Kumar Mishra Vs. Additional Director General, Ludhiana Zonal Unit And Another (High Court Of Punjab And Haryana) High Court held that we are of the view that the investigations being conducted by competent Officers against the petitioner are not hit by provisions of Section 6(2)(b) of CGST Act, 2017. So, we see no reason […...

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Bail granted in case of alleged availment of fraudulently ITC

Lupita Saluja Vs DGGI (Delhi High Court)

Lupita Saluja Vs DGGI (Delhi High Court) It is not in dispute that on the day the impugned order has been passed, the said Judge granted regular bail to the husband of the applicant after spending nearly 50 days in custody who is the person involved in day-to-day affairs of the company, however, dismissed the […]...

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Panipat Court refuses bail in alleged Fake & fraudulent ITC case

Mohit Bathla Vs CGST Division Panipat (Panipat District Court)

Mohit Bathla Vs CGST Division Panipat (Panipat District Court) This order shall dispose of an application for regular bail moved on behalf of the applicant-accused, named above. 2. Briefly, the case of the prosecution is that on 24.12.2020, a search operation at the premises of M/s S.B. Chemicals of applicant-accused Mohit Bathla was cond...

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4 arrest in 3 different cases of ITC fraud of Rs. 178 crore

In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed through extensive data analytics, have unearthed a network of fictitious firms to generate goods-less invoices and pass-on fake Input Tax Cre...

Read More

CBIC unearthed 9294 fake GSTINs in just 3 months

No. D.O.No.54/CH(IC)/2020 (15/02/2021)

It's now three months since the drive against the fraudulent use of fake GST invoices was launched in the second week of November, 2020. As on 13th February, 2021, the department has made 3046 cases and unearthed about 9294 fake GSTINs in just these 3 months. ...

Read More

HC refuses bail in case of alleged Fake ITC exceeding Rs. 5 Crore

Yogesh Jagdish Kanodia Vs State of Maharashtra (Bombay High Court)

Where Input Tax Credit (ITC) had been wrongly availed exceeds Rs.5 crores it would amount to a cognizable and non-bailable offense and the offence was punishable with imprisonment for a term, which could extend to five years and with fine under section 132 (1) (i) of the CGST Act....

Read More

1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore

A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS RELEASE 01 PERSON ARRESTED IN CASE OF ISSUING FAKE INVOICES OF RS. 55.89 CRORES AND PASSING OF INADMISSIBLE […]...

Read More

3 Arrested In case of Issuing Fake GST Invoices of Rs. 81 Crores

. The modus operandi Inter alia involved creating of fake firms and generating of fake/bogus invoices through them, and passing of inadmissible Input Tax Credit on the strength of such fake/bog us invoices, without actual supply of goods....

Read More

DGGI arrests man for fraudulently availing ITC of more than Rs 69 crore

DGGI Gurugram Zonal Unit (GZU), Haryana has arrested one Shei Surender Kumar Gupta resident of New Delhi on charges of availing and passing on fake input tax credit by way of receipt/issuance of invoices without any actual supply of goods or services....

Read More

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