₹311-crore fake GST billing racket busted in Ludhiana
The Central Goods and Services Tax (CGST) Commissionerate, Ludhiana, has unearthed a fake GST invoicing racket amounting to ₹311 crore in the iron and steel manufacturing sector.
Tag: fake gst bills
DGGI Ahmedabad arrests four men in Rs. 800 crore fake billing racket
In one of its biggest crackdowns this year, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) unearthed a sprawling fake GST invoicing racket worth nearly Rs. 800 crore and arrested four key conspirators across three separate cases.
Jamnagar CA booked in ₹560 cr fake billing case: Officials
A Jamnagar-based chartered accountant was booked for his alleged involvement in running a bogus billing racket of ₹560 crore involving fraudulent Input Tax Credit (ITC) claims of ₹112 crore through 14 non-genuine taxpayer firms, the Gujarat State Goods and Services Tax (SGST) Department on Thursday said.
Two held near UP-Uttarakhand border for collecting money by showing fake GST bills to truck drivers
Bareilly, Uttar Pradesh: Two members of a gang, allegedly claiming to be officials collecting GST, were arrested for extorting money from truck drivers near the Uttarakhand border in Bareilly district, police said on Saturday.
DGGI uncovers GST fraud involving Rs 3,200 cr worth fake invoices, two held
The Directorate General of GST Intelligence (DGGI) in Bengaluru has uncovered a massive GST fraud amounting to Rs 3,200 crore and arrested two people in connection with the case.
Raids unearth scrap traders used fake bills worth Rs 1,000 cr
Operation Palm Tree, carried out simultaneously in seven districts using over 200 tax officials, has reportedly unearthed fake invoices worth nearly Rs. 1,000 crore in the illegal scrap market. A top tax official said that input tax credit (ITC) of nearly Rs. 200 crore could have been illegally pocketed by unscrupulous traders using such fake invoices.
Facing GST heat | A telling pattern: In pharma, different firms buy electoral bonds on same days
From pharmaceutical companies buying electoral bonds en masse in 2022 to construction companies lining up to purchase them in 2019 and 2023,…
Rs 25.7-crore fake GST invoice racket busted in Mumbai, one arrested
A fake Goods and Services Tax (GST) invoice racket, which was used to fraudulently claim a GST input tax credit…
20 key accused in GST fake billing fraud booked
Twenty key conspirators arrested over the alleged GST (Goods and Services Tax) fake billing fraud to the tune of hundreds…
GST evasion rises in 4.5 years
Gujarat has registered a whopping 515% increase in GST evasion over the past 4.5 years. Reasons could be poor compliance or…