Fake ITC Claim of Rs 180 Crore: Karnataka’s GST authorities detect 100 bogus firms, arrest mastermind

The officials arrested Mohammed Siddiq in Mysuru on Wednesday on charges of acquiring dummy GST registrations using forged documents, and facilitating a scrap business in Kerala, Tamil Nadu, and Karnataka. He issued fake tax invoices to facilitate bogus claims of input tax credit (ITC) by dealers without remitting the taxes to the governments after the initial transactions. […]

Bogus ITC claims up 292% in Gujarat in 2022

There have been increased efforts to apprehend perpetrators of fake billing scams by the state and central goods and services tax (GST) departments lately. According to data tabled in the state assembly, input tax credit of Rs 1,961 crore was claimed using fake bills in 2022. This is 292% higher than Rs 499.26 crore fraudulently […]

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