A cigarette pack or gutaka pouch may soon be marked with a unique identifier in order to check GST evasion. The GST Council has approved a proposal empowering the government to implement the Track and Trace Mechanism for specified evasion-prone commodities, such as tobacco or tobacco-based products.
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.
In a recent operation, the Central GST (Good and Services Tax) department conducted a raid on Gala Developers in Jabalpur and uncovered a GST evasion of over ₹4 crore.
Three days after searches were conducted at the premises linked to 43 taxpayers, engaged in the sale and rental of wedding garments, including designer dresses, suits, and accessories, Gujarat State GST Department on Saturday said it has found primary evidence of tax evasion of at least Rs 6.70 crore. The statement comes amid the wedding season.
GST officers have detected cases of ITC evasion of Rs 35,132 crore by 17,818 fake firms between April-October and arrested 69 persons, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said regular action is taken to detect fake firms through data analytics and other intelligence by the central and state authorities.
The finance ministry on Monday informed parliament that it has detected goods and services tax (GST) evasion of Rs 824 crore against the crypto exchanges including Rs 722.43 crore GST evasion by Binance Group Company.
The lift supply market in the state is linked to an annual GST evasion scam amounting to approximately Rs. 100 crore to Rs. 200 crore.
Haryana chief minister Nayab Singh Saini has directed officials to create a scheme to reward whistleblowers providing information about tax evasion, cow smuggling, and drug trafficking. The scheme will ensure the confidentiality of informants and offer financial incentives for actionable intelligence.
GST authorities have booked a Rs 722.43 crore tax evasion case against crypto exchange and Binance Group Company, Nest Services Ltd, Parliament was informed on Monday.
The Gujarat State Goods and Services Tax (SGST) Department on Friday said it had detected tax evasion to the tune of Rs 3.53 crore from B2C (business to consumer) traders in the tobacco and battery industries, resulting from sales without the issuance of invoices (bills).
