Fake ITC

All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing

Goods and Services Tax - All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing INPUT TAX CREDIT’ Section 16 (2): Eligibility and conditions for taking input tax credit (2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any ...

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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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CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

Goods and Services Tax - Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 91 crore (approx)....

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CGST West Delhi officials arrest man for ITC fraud of around Rs. 9 crore

Goods and Services Tax - Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 9 crore (approx). The operation involved floating of multiple...

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2 Person Arrested in case of fake invoice of Rs. 93 Cr.

Goods and Services Tax - CGST Ghaziabad Commissionerate arrested 2 persons including the mastermind in case of issuance of fake invoice of Rs. 93 Cr. by creating 25 fake firms and passing of inadmissible ITC of approx Rs. 16 Cr. by conducting searches at 18 locations. PRESS NOTE CGST COMMISSIONERATE, GHAZIABAD ARRESTES TWO PERSONS IN CASE OF ISSUANCE OF FAKE [&he...

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DGGI Gurugram officials arrest 2 for GST Fraud of Rs 690 crore

Goods and Services Tax - Both the accused, resident of Sirsa, Haryana, had relocated to Nepal in a bid to escape being caught and to perpetuate the fraud. After a tip off they were nabbed and were found to be in possession of huge incriminating documents and gadgets in the form of multiple laptops, multiple smart phones, debit cards, PAN and Aadhar details of mul...

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CGST arrests two for GST Fraud of more than Rs 392 crore

Goods and Services Tax - . The syndicate has thus defrauded the Government exchequer of more than Rs. 392 crore by issuing bogus invoices of more that Rs. 3,000 crore without actual supply of any goods or services which is likely to increase as the investigation progresses. It is pertinent to mention that M/s Vertilink Media Solutions Private Limited has adm...

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Wrongful availment of ITC – Orissa HC denies Bail

Santosh Kumar Gupta Vs Union of India (Orissa High Court) - Santosh Kumar Gupta Vs Union of India (Orissa High Court) The genesis of the case relates to the search conducted on 29.02.2020 in the office premises of M/s. Pacific Packaging Industries which is a proprietorship concern of the Petitioner by the Senior Intelligence Officers of the Directorate Gener...

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Fake GST invoices case: HC ask petitioner to approach Court of Special Judge for Economic Offences

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court) - Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court) It is allegged that petitioner has issued fake GST invoices with a total turnover of Rs. 397,28,11,944/- without supply of goods to different business firms/companies by passing on a total fraudulent input tax credit of Rs. ...

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Patiala House court grants Bail in alleged GST Evasion case

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court) - Naveen Bansal Vs. Commissioner Central Tax (Patiala House court) In the present case also in the reply itself it has been mentioned that accused has admitted of causing loss to the tune of Rs.7-8 crores to the exchequer. Accused is in custody since 25.03.2021. To decide whether or not admit accused ...

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Rajasthan HC denies Bail to CA in alleged GST Scam of Rs. 6.36 Crore

Abhishek Singhal Vs Union of India (Rajasthan High Court) - Abhishek Singhal Vs Union of India (Rajasthan High Court) This bail application filed on behalf of the petitioner deserves to be dismissed; for the reasons, firstly, the petitioner failed to appear before the Department while notices were issued to him, secondly, even after filing of complaint befor...

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HC denies Bail to CA in alleged fake GST invoice case

Arvind Kumar Munka Vs Union of India (Calcutta High Court) - Arvind Kumar Munka Vs Union of India (Calcutta High Court) The petitioner as I have been found in the earlier order that he is a Chartered Accountant by profession and with the similar contention he has averred that he is no way connected with the instant case. The petitioner has been arraigned as a...

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Iron scrap supply under invoices of bogus firms detected

D.O.No.77/CH(IC)/2020 - (05/07/2021) - On the GST front, by innovating and using the recently introduced `RFID-Vehicle related Report', an analysis of risky vehicles was undertaken by the officers of DGGI (SZU). The verification revealed that iron scrap was being supplied by existent but un-registered firms under the invoices for GST ITC...

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Nagpur & Gurugram DGGI makes big cases relating to fake invoices

D.O. No. 58/CH(IC)/2020 - (15/03/2021) - In the ongoing anti-evasion drive, last week saw the Gurugram Zonal Unit (GZU) and the Nagpur Zonal Unit (NZU) of DGGI make big cases relating to fake invoices. In an ongoing investigation, GZU made arrests of two members of a fake invoicing syndicate who were involved in GST fraud by way of issuanc...

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CGST Gandhinagar detects 68 fake firms & fraudulent ITC of Rs. 720 Cr

Notification No. D.O.No.57/CH(IC)/2020 - (08/03/2021) - The week also saw the CGST Gandhinagar Commissionerate unearth a huge case involving a web of 68 fake firms issuing invoices to claim fraudulent GST Input Tax Credit of Rs. 720 crore without the supply of goods. The CGST East Delhi Commissionerate too made two big cases relating to fake invoices....

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Fake invoices with a face value of Rs. 3308 crore unearthed

D.O.No.54/CH(IC)/2020 - (01/03/2021) - I am happy to note that the anti-evasion teams of Jaipur and Alwar CGST Commissionerates have used data analytics to unearth a large case of fraudulent ITC availment, involving fake invoices with a face value of Rs. 3308 crore by several non-existent firms registered in Jaipur. These firms had fraud...

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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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Recent Posts in "Fake ITC"

CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through goods less invoices of Rs 91 crore (approx)....

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Wrongful availment of ITC – Orissa HC denies Bail

Santosh Kumar Gupta Vs Union of India (Orissa High Court)

Santosh Kumar Gupta Vs Union of India (Orissa High Court) The genesis of the case relates to the search conducted on 29.02.2020 in the office premises of M/s. Pacific Packaging Industries which is a proprietorship concern of the Petitioner by the Senior Intelligence Officers of the Directorate General of Goods and Services Tax Intelligenc...

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Iron scrap supply under invoices of bogus firms detected

D.O.No.77/CH(IC)/2020 05/07/2021

On the GST front, by innovating and using the recently introduced `RFID-Vehicle related Report', an analysis of risky vehicles was undertaken by the officers of DGGI (SZU). The verification revealed that iron scrap was being supplied by existent but un-registered firms under the invoices for GST ITC of non-existent and bogus firms. Envelo...

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Fake GST invoices case: HC ask petitioner to approach Court of Special Judge for Economic Offences

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court)

Vennapusa Venkata Subba Reddy Vs Union of India (Andhra Pradesh High Court) It is allegged that petitioner has issued fake GST invoices with a total turnover of Rs. 397,28,11,944/- without supply of goods to different business firms/companies by passing on a total fraudulent input tax credit of Rs. 61,30,33,274/- in respect of 21 firms, o...

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Patiala House court grants Bail in alleged GST Evasion case

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court)

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court) In the present case also in the reply itself it has been mentioned that accused has admitted of causing loss to the tune of Rs.7-8 crores to the exchequer. Accused is in custody since 25.03.2021. To decide whether or not admit accused on bail or not […]...

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Rajasthan HC denies Bail to CA in alleged GST Scam of Rs. 6.36 Crore

Abhishek Singhal Vs Union of India (Rajasthan High Court)

Abhishek Singhal Vs Union of India (Rajasthan High Court) This bail application filed on behalf of the petitioner deserves to be dismissed; for the reasons, firstly, the petitioner failed to appear before the Department while notices were issued to him, secondly, even after filing of complaint before the learned Trial court, he remained a...

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HC denies Bail to CA in alleged fake GST invoice case

Arvind Kumar Munka Vs Union of India (Calcutta High Court)

Arvind Kumar Munka Vs Union of India (Calcutta High Court) The petitioner as I have been found in the earlier order that he is a Chartered Accountant by profession and with the similar contention he has averred that he is no way connected with the instant case. The petitioner has been arraigned as an accused […]...

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All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing

All Sections of GST Law For Fraudulent Practice by Taxable Person Like Fake Invoicing /Bogus Billing INPUT TAX CREDIT’ Section 16 (2): Eligibility and conditions for taking input tax credit (2) Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any ...

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Siphoning of Company Funds | Rockland Hospitals Case | HC refuses to Grant Bail

Prabhat Kumar Srivastava Vs SFIO (Delhi High Court)

Prabhat Kumar Srivastava Vs SFIO (Delhi High Court) 1. The applicant, vide the present application seeks the grant of regular bail in complaint No. 149/2020 pending before the learned Special Judge, Companies Act, Dwarka District Courts in the complaint titled as ‘Serious Fraud Investigation Officer (SFIO) Vs. Rockland Hospitals Ltd...

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No bail in case of GST Evasion by availing wrongful ITC

Manoj Kumar Garg Vs State (Meerut District Court)

Manoj Kumar Garg Vs State (Meerut District Court) The statement of accused was recorded and the accused in his statement has admitted that no goods were received by his firm at his registered address from his suppliers and he claimed fake ITC on behalf of these fake firms. During investigation, the fifteen companies are found […]...

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