CBI Unearths Rs 100 Crore Bogus GST Bills, Seize Gold Bars In Raids
The Central Bureau of Investigation has uncovered a 100-crore scam, allegedly executed by claiming GST through forged export bills.
Tag: Fake ITC
CBI conducts searches in Bihar and Jharkhand in ₹100-crore fake GST claim case
The Central Bureau of Investigation (CBI) on Saturday (June 21, 2025) conducted searches in Bihar and Jharkhand in a case registered against the then Additional Commissioner, Customs, Patna, and 29 others over bogus GST claims through fake export bills of nearly ₹100 crore.
Punjab unearths Rs 1,549-cr billing scam, Ludhiana leads with Rs 900 cr fake invoices
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema announced on Monday that the investigative wings of the state’s Taxation Department detected transactions worth Rs 1,549 crore involving bogus billing or paper transactions and successfully blocked fraudulent Input Tax Credit (ITC) claims amounting to Rs 108.79 crore in the current fiscal.
GST authorities catch fake inter-state ITC billing worth Rs 88 crore by iron and steel traders; 2 held
GST authorities have unearthed a nexus of iron and steel traders involved in fake input tax credit-related billing related to the illegal sale worth Rs 87.9 crore that led to tax evasion amounting to Rs 13.4 crore.
CBIC’s second drive against fake input tax credit unearths Rs 26,543-cr GST evasion: Sources
The Central Board of Indirect Taxes and Customs (CBIC) has uncovered a GST evasion of Rs 26,543 crore in its second nationwide drive against fake input tax credit (ITC). From August 16, the CBIC officials scrutinised 68,903 high-risk taxpayers, out of which 18,472 entities — nearly 27 percent — were found to be non-existent, according to sources in the GST Council.
Whether Bail can be granted to an accused of fake-credit racket, when the SCN is issued?
Yes, the Honorable Punjab and Haryana High Court in the case of Vishal Chauhan granted bail to the Petitioner, where the Petitioner was arrested for alleged wrongful availment of Input Tax Credit by showing purchases from non-existent or fraudulent suppliers. The petitioner was granted regular bail as trial was likely to be prolonged; the Show Cause Notice under Section 74(1) was yet to be adjudicated and the exact liability of the Petitioner was yet to be fixed.
GST intelligence detects tax evasion of Rs 1.2 trillion so far since 2020
DGGI has detected tax evasion of Rs 1.2 trillion using fake ITC, since 2020 to date, with special emphasis being laid on identifying and apprehending the masterminds and disrupt syndicates, operating across the country, the finance ministry said in a release on Tuesday.
Fake invoice and ITC trading racked busted by PuneCGST Commssionerate
Officers of Anti-Evasion, Pune-II, CGST Commssionerate, Pune Zone, acting upon intelligence,
booked case of issuance of fake invoices by various fake/bogus firms who were availing,passing
illicit Input Tax Credit (ITC).
Fake ITC claims detection by central GST officers up 51 pc at Rs 36,374 cr in FY24
Fake input tax credit (ITC) claims detection by central GST officers increased 51 per cent to Rs 36,374 crore in 2023-24, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary shared details of the fake input tax Credit (ITC) cases booked by Central Tax formations during the 2022-23 and 2023-24 fiscals in a written reply to the Lok Sabha.
Pune GST Intelligence busts multi-state fake input tax credit scam worth Rs 145 crore
In a major breakthrough, the Pune zonal unit of the Directorate General of GST Intelligence (DGGI) has busted a multi-state fake input tax credit (ITC) racket worth over Rs 145 crore and arrested one person from Rajasthan, official sources said here on Tuesday.