The anti-evasion wing of CGST arrested two persons on Wednesday in connection with a fraudulent claim of Input tax credit (ITC). The companies were engaged in paper trading to cheat the department by claiming fraudulent ITC.
The central GST’s Itanagar commissionerate has unearthed a racket involved in issuance of fake invoices valued at Rs 658.55 crores without any supply of goods/services and arrested two masterminds of the racket, Ashutosh Kumar Jha and Bipin Kumar Jha.
The Central Goods and Services Tax (CGST) busted two alleged fake input tax credit (ITC) frauds, involving the issuance of fake invoices worth around ₹760 crore and arrested two accused for allegedly defrauding the government exchequer.
The officers of the Preventive Unit of the CGST, Belagavi Commissionerate, have busted a fake GST invoice racket involving Rs. 132 crore of fake input tax credit of Rs. 23.8 crore and arrested the main accused.
The government plans to do away with the flexibility given to buyers and sellers to revise their output liability by…
Commercial Tax officials have arrested MD of a company in connection with 18.5 crore good and services tax irregularities. The…
The CGST’s preventive department, Rajkot, arrested a brass and copper scrap trader in Jamnagar for alleged tax evasion of Rs.…
The West Bengal Directorate of Commercial Taxes (State GST) has unearthed huge fake GST invoice rackets which involve a turnover…
CBIC plans to also take a review meeting of the investigations with central and state GST officials. The Goods and…
The Hon’ble Delhi High Court in Aman Gupta v. State refused the anticipatory bail of a Applicant who is an alleged offender and being charged with issuing fake invoices and e-way bills. The case also involves offences covered under Section 467 r.w. 471 of the IPC which is an economic offence involving loss to the public exchequer.
