Fake ITC news

One arrested in Haryana for ITC fraud of Rs. 35 Crores in GST

The total turnover of the firms of the accused is approximately Rs. 400 Crores and amount of GST fraud committed by the firm was to the tune of Rs. 35 Crores. Recovery of Rs. 5 Crore approx. has also been made including blocking of ITC of Rs. 1.2 Crore....

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I-T searches in Maharashtra & Goa reveals Fake ITC & Bogus Purchases

The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation....

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2 more arrested by DGGI Gurugram Unit for input tax credit fraud

DGGI Gurugram Zonal Unit (GZU), Haryana, has earlier busted a case wherein total fake ITC of  Rs 176 crore has been fraudulently passed on by Sh. Sanjay Goel, Prop of M/s. Redamancy World, and Sh. Deepak Sharma, the de–facto controller of 8 non-existent firms....

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Fake invoice racket evading tax of Rs. 32.56 crores of GST busted

Press Release by CGST Agra Commissionerate regarding busting of of fake invoice racket evading tax of Rs. 32.56 crores of GST. Total 4 persons arrested Press Release Dated: 19.08.2021 Acting upon the intelligence developed by Anti-Evasion Branch of CGST Agra, an investigation was initiated against M/s G.S. Traders (GSTIN-09BRCPG1186M1ZJ) ...

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2 held by CGST Officials for ITC fraud of more than Rs 10 crore

CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd.,  Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods....

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ITC fraud of more than Rs 31,000 crore busted in FY 2020-21

CGST authorities bust input tax credit fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21 The Goods and Services Tax authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of input tax credit (ITC) provision under the Goods and Services Tax (GST) regime during the […]...

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GST authorities recovers more than Rs 1,900 crore in tax evasion in FY 2021-22

The interface for the taxpayers is on a digital platform and software-based, to be used for payment of tax and to comply with the requirements of law and procedure by taxpayers. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today....

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Search conducted on CA based In Faridabad by GST Department

GOVERNMENT OF INDIA / MINISTRY OF FINANCE OFFICE OF THE COMMISSIONER, GOODS & SERVICES TAX G.S.T. BHAWAN, & BLOCK  ‘C’ & ‘D”, NEW C.G.O. COMPLEX. NH-IV, FARIDABAD-121001, HARYANA (Search conducted on CA based In Faridabad) In pursuance of an investigation into fake invoices of Rs. 47.22 crores (duty in...

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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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CGST West Delhi officials arrest man for ITC fraud of around Rs. 9 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 9 crore (approx). The operation involved floating of multiple...

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