‘Fake’ GST ITC case: ED raids in multiple states
The Enforcement Directorate on Tuesday conducted multi-state searches in connection with an alleged fake GST input tax credit case of Rs 658 crore that originated in Arunachal Pradesh, officials said.
Tag: Fake ITC
No Coercive Action if Accused Cooperates in Fake ITC Probe
The Hon’ble Chhattisgarh High Court in Harsh Wadhwani & Anr. held that traders facing charges for evasion of taxes in alleged fak ITC claims, be protected from any coercive action as long as they are cooperating with the investigation.
ED detects Rs. 700 cr fake input tax credit fraud
The Enforcement Directorate, Itanagar, conducted search operations across multiple states, including Telangana, on Sept 11, uncovering an Input tax credit (ITC) fraud worth approximately Rs. 700 crore.
ED raids across 5 states in Rs. 650 crore fake Input Tax Credit (ITC) scam; bogus invoices-under probe
The Enforcement Directorate (ED) on Thursday carried out search operations across Arunachal Pradesh, Haryana, Delhi, Tamil Nadu and Telangana in connection with a massive fake Input Tax Credit (ITC) scam worth around Rs. 650 crore, officials said.
GST fraud: ED claims MNCs benefitted from fake ITC worth crores
The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that “big MNCs” were benefiting from these illegal transactions.
CGST Ludhiana unearths Rs 260 crore fake billing scam in iron, steel sector; 2 arrested
Based on specific intelligence, the officers of Central Goods & Services Tax Commissionerate, Ludhiana, conducted multiple search operations at Mandi Gobindgarh unearthing a syndicate involved in availing and passing on fake Input Tax Credit (ITC) in the iron and steel sector using five firms.
Penalty can be levied on any person under Section 122(1A) of the CGST Act
The Delhi High Court, in Bhupender Kumar case imposed a penalty amounting to approximately Rs. 285 crore under Section 122(1A) of the CGST Act, 2017, along with additional penalties under Sections 122(3)(a), (d), (e) and Section 125 of the CGST Act.
Rs 866 crore GST fraud uncovered in Punjab
The Finance Department of Punjab Government has exposed 20 such firms that were involved in GST fraud worth crores of rupees.
EOW Unearths ₹130 Crore GST Fraud Fake Input Tax Credit Scam
The Economic Offences Wing (EOW) has detected a massive GST input tax credit (ITC) scam worth Rs 130 crore during its ongoing investigation, officials said on Monday.
Regular Bail is granted to Accused in Fake ITC Case amid confessional statement and Trial Delays
The Hon’ble Allahabad High Court in Gaurav & Anr. allowed regular bail applications of accused persons in GST fake invoice cases during trial stage.