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Surat Economic Offences (EO) cell Friday nabbed 12 persons from Surat, Bhavnagar, Ahmedabad, Rajkot, Junagadh and Amroli for allegedly availing Input Tax Credit (ITC) of Goods and Services Tax (GST) illegally to the tune of hundred of crores. The EO…
The Hon’ble Bombay High Court in the case of Archana Textile Corporation Vs. State of Maharashtra and Ors. In Writ Petition No. 11022 of 2022 held that, GST Notice which failed to mention allegations of fake invoices against the assessee…
On August 18, 2022, the Proprietor/mastermind handling the business activities of M/s Mass Steel Traders (GSTIN:27BONPS7020E1ZS), M/s S.K. Enterprises (GSTIN:27DBKPK2919Q1Z1), M/s M K Traders (GSTIN:27AOBPK2775F1ZZ) & M/s. Niyaz Enterprises (GSTIN:27CJKPS3682K1ZF) has been arrested by CGST, Navi Mumbai on the charges…
Officers of CGST Bhiwandi Commissionerate in Mumbai Zone have busted two separate fake GST invoice rackets, which was used to avail and pass on fake Input Tax Credit (ITC) of around Rs. 23 crore on bogus invoices of Rs 55…
In a press statement issued by the office the Principal Commissioner of CGST and CX, Mumbai (South) has informed that – Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to avail &…
Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of around Rs. 22 crore on bogus invoices of Rs 185 Crores. The Commissionerate has…
The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source of issuance of fake invoices. Since…
Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input tax credit against payment of Goods and Services Tax (GST). These entities have now come under the scanner of the…
In the past week, officials of the Director General of GST Intelligence, sub-national unit (east), busted two rackets of fake invoicing involving tax evasion of nearly Rs 380 crore. On Wednesday night, GST officials arrested a person running 28 shell…
To curb fake invoicing and tax evasion, GST Council is going to recommend filing of Annual Stock Statement by registered tax payer on GST portal.