Tax Evasion

CBIC Guidelines for grant of Reward to informers

Goods and Services Tax - Guidelines are applicable for grant of rewards to informers in respect of cases of seizures made and/or infringements/evasion of duty/ service tax etc....

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टैक्स चोरी में कैश, मुखौटा कंपनियों और फर्जी इनवायसिंग का हो रहा धड़ल्ले से इस्तेमाल

Goods and Services Tax - हाल में ही सरकार ने जीएसटी में एक महत्वपूर्ण बदलाव करते हुए साफ कर दिया कि 1 जनवरी 22 से आपको इनपुट का सिर्फ उतना ही क्रेडिट मिलेगा जि...

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Illiquid Stock Trading and Tax Evasion

Goods and Services Tax -  ILLIQUID STOCK TRADING AND TAX EVASION  1. The ‘scam’ So a new scam beckons us. That of allegedly executing fraudulent trades in illiquid stock options by committing irregularities in the equity derivative segment. 2. Operation Falcon Popular belief is that the scam unearthed after the investigation wing of the I-T Department launc...

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Tax Planning Vs. Tax Avoidance Vs. Tax Evasion

Goods and Services Tax - Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]...

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Evil consequence of tax evasion or avoidance

Goods and Services Tax - The evil consequence of tax evasion or avoidance are manifold which are short listed as under 1. There  is substantial loss of much needed public revenue particularly in a welfare State like ours as India which is a developing Country day by day. 2. There is the  serious disturbance  caused to the economy of the […]...

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Better utilize AI, data-analytics & other technologies to identify tax evasion

Goods and Services Tax - We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman...

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10 recent policy measures to curb GST evasion by fraudulent persons

Goods and Services Tax - Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers....

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Customs duty evasion of Rs. 2217 crore by Vivo Mobile

Goods and Services Tax - DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Vivo India’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a...

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Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST ITC Racket

Goods and Services Tax - Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]...

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‘Xiaomi Technology’ evaded Customs duty of Rs. 653 crore

Goods and Services Tax - Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India and its contract manufacturers...

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Huawei Tax Evasion Case: Delhi HC Allows CEO to Travel Abroad

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) - Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) The proforma for issuance of the Look Out Circular indicates the nationality of the respondent to be that of China. As per the communication dated 19.2.2022 apart from the aspect of M/s Huawei Telecommunications (India) Company Pr...

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GST evasion: HC grants bail to accused subject to deposition of Rs. 2 crore

Mohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court) - Revenue contended that applicant defrauded State Exchequer of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted...

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GST Evasion: HC Grants bail to accused as dept already attached property of value in excess of amount of alleged evasion

Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) - Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) During the course of arguments, it was pointed out by the learned Senior Advocate appearing for the applicant that the respondent-Department has already attached immovable property belonging to the applicant in excess of the amount of allege...

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Service Tax Penalty justified for deliberate misclassification to evade Tax

Chimes Aviation P Ltd. Vs Commissioner, Service Tax (CESTAT Delhi) - Insistence on the part of appellant to deliberately classify their services under a different head shows their intention of escaping their liability for the previous period which amount to non­compliance with statutory obligations....

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Supply of goods without issue of Invoice- HC grant Bail to GST evasion accused

Sri Subhash Kumar Singh Vs State of Assam (Gauhati High Court) - Petitioner is found to have deliberately supplied goods without issuing invoices in violation of the provisions of AGST Act with intention to evade Tax during the period of 2019 to 2021....

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Bogus Invoices with wrong availment of Rs. 25.5 Crore ITC detected

IV/06-Prev/72/Capital Impex/2018-19/Gr.C - (30/01/2019) - CGST, Vadodara, upon intelligence developed through data analysis, have booked a case of issuance of fake invoices valued at Rs. 107 Crores without any physical movement of goods, leading to wrongful availment of ITC worth Rs 25.5 crores and passing on of ITC worth Rs 19 crores....

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DGCI arrests Company MD in fake GST bill case

F. No. DGGI/VZU/INV/GST/53/2018/ - (30/01/2019) - DGGI arrested a managing Director (MD) of a company Following intelligence developed by the officers that fake invoices were received by the company without receipt of goods from various companies and fake invoices were issued without supply of goods. Directorate General of GST Intelligence Visakhap...

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GST liability difference of Rs. 67 Crore detected by CGST Vadodara

F.No. IV/16-46/CCO/T/ST/213/Pt-II - (30/01/2019) - The officers of Daman Cornmssionerate have detected a case of default in GST payment against Mrs Radha Madhav Corporation Limited which had stepped filing return since August 2018 and there was a noticeable difference in declared ilatlity in two returns prescribed in CGST Act,2017 namely GSTR-1 and ...

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Benami GST Registration – measures to prevent evasion of tax

Circular No 19/2018 - (07/09/2018) - The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After online application, the applicant is deemed registered within 3 days. Therefore, since Oct 2017 in every Quarterly Performance Report, it has been specifically instructed to ...

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Prosecution Guidelines in case of Excise duty / Service Tax Evasion

Circular No. 1009/16/2015-Central Excise - (23/10/2015) - Circular No. 1009/16/2015-CX Whoever commits any of the offences specified under sub-section (1) of Section 9 of the Central Excise Act, 1944 or sub-section (1) of section 89 of the Finance Act, 1994, can be prosecuted. ...

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Recent Posts in "Tax Evasion"

CBIC Guidelines for grant of Reward to informers

Guidelines are applicable for grant of rewards to informers in respect of cases of seizures made and/or infringements/evasion of duty/ service tax etc....

Read More
Posted Under: Custom Duty |

Huawei Tax Evasion Case: Delhi HC Allows CEO to Travel Abroad

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court)

Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) The proforma for issuance of the Look Out Circular indicates the nationality of the respondent to be that of China. As per the communication dated 19.2.2022 apart from the aspect of M/s Huawei Telecommunications (India) Company Private Limited (HTICPL) and M/s Huawei Te...

Read More

Better utilize AI, data-analytics & other technologies to identify tax evasion

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman...

Read More
Posted Under: Custom Duty |

10 recent policy measures to curb GST evasion by fraudulent persons

Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers....

Read More
Posted Under: Custom Duty | ,

Customs duty evasion of Rs. 2217 crore by Vivo Mobile

DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Vivo India’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a...

Read More
Posted Under: Custom Duty |

GST evasion: HC grants bail to accused subject to deposition of Rs. 2 crore

Mohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court)

Revenue contended that applicant defrauded State Exchequer of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted...

Read More

GST Evasion: HC Grants bail to accused as dept already attached property of value in excess of amount of alleged evasion

Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court)

Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) During the course of arguments, it was pointed out by the learned Senior Advocate appearing for the applicant that the respondent-Department has already attached immovable property belonging to the applicant in excess of the amount of alleged evasion or fraudulent claim of input t...

Read More

Service Tax Penalty justified for deliberate misclassification to evade Tax

Chimes Aviation P Ltd. Vs Commissioner, Service Tax (CESTAT Delhi)

Insistence on the part of appellant to deliberately classify their services under a different head shows their intention of escaping their liability for the previous period which amount to non­compliance with statutory obligations....

Read More

Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST ITC Racket

Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]...

Read More
Posted Under: Custom Duty |

‘Xiaomi Technology’ evaded Customs duty of Rs. 653 crore

Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India and its contract manufacturers...

Read More
Posted Under: Custom Duty |

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