GST DAILY – 325 : No penalty can be imposed without there being any intention or mensrea for evasion of tax: HC
THE HON’BLE ALLAHABAD HIGH COURT IN THE CASE OF Kumar Cargo Solution V/s State of U.P., decided on 1-8-2024
Tag: GST evasion
DGGI Ahmedabad unearths ₹140 cr tax evasion in online money gaming case
The Directorate General of GST Intelligence (DGGI), Ahmedabad zonal unit, has detected a tax evasion case worth ₹140 crore allegedly by a company providing online money gaming services.
Chinese woman, Indian director of JV co held for Rs. 9 cr GST ‘evasion’
The CGST Commissionerate in Gautam Buddh Nagar unearthed GST evasion to the tune of Rs. 9 crore by a private company and arrested its director, Vinay Kumar, and a Chinese national Alice Lee, who handled cash.
Tax evasion complaints: Excise, central GST teams raid top salons in Chandigarh
The excise department and central GST teams on Friday raided over a dozen prominent salons in Sectors 8, 9, 26, and 35 after multiple complaints of goods and services tax (GST) evasion surfaced.
GST evasion crossed ₹7 lakh crore in five years; includes ITC fraud of ₹1.79 lakh crore
GST evasion during five years (FY21-FY25) crossed over ₹7 lakh crore, Finance Ministry informed Lok Sabha on Monday. This is more than 17 per cent of the net Central GST collection.
Rs 7 Lakh Crore GST Evaded In Last Five Years
The government on Monday said that central goods and services tax (GST) field officers have detected tax evasion of about Rs 7.08 lakh crore in the last five years till 2024-25 fiscal, including input tax credit (ITC) fraud of about Rs 1.79 lakh crore. However, it was found that there was over Rs 2.23 lakh crore of GST evasion in 2024-25 fiscal alone.
Karnataka’s GST evasion notices prompt shopkeepers to turn down UPI payments
The Karnataka Commercial Tax Department’s decision to issue demand notices to traders over evasion of GST despite having an annual turnover of more than Rs 40 lakh via UPI payments has made small traders and shopkeepers wary of accepting digital payments, with some even removing UPI QR code stickers from their establishments in Bengaluru following the crackdown.
FM flags ₹34,000 crore GST evasion, directs CBIC to bridge detection-recovery gap: Sources
Focusing on recovery versus detection in terms of tax leakages, sources shared that “a staggering over ₹34,000 crore worth of tax evasion was detected through GST audits in FY24 — but actual recoveries stood at a mere ₹4,000 crore, highlighting a significant gap between detection and enforcement.”
Income Tax Department investigating evasion from crypto assets
The Income Tax Department is investigating tax evasion and laundering of unaccounted income by high-risk persons through investments in virtual…
Inter-state fake billing nexus busted: 2 held in ₹13.41 crore GST evasion case
The directorate general of GST Intelligence (DGGI), Ludhiana, has uncovered a GST evasion racket involving three business entities in Mandi Gobindgarh—Aar Dee Enterprises, Aashi Steel Industries and Abhi Alloys.