Goods and Services Tax (GST) authorities are learnt to have detected evasion of around Rs 2.01 lakh crore in 2023-24 — an amount equal to almost 10% of the total GST collected during the financial year.
Online Gaming & Casinos emerged at the top in terms of detection of GST evasion during Fiscal Year 2023-24, annual data compiled by the DGGI showed. This sector alone accounted for more than 40 per cent of the amount involved in GST evasion detection.
DGGI sent notices to eight thermo-mechanically treated (TMT) bar manufacturers last week and has already recovered about Rs 200 crore…
The Hon’ble Allahabad High Court in the case of Precision Tools India held that non-filling of Part ‘B’ of the E-Way Bill on technical difficulties and without any intention to evade tax would not lead to the imposition of penalty.
A team of Moradabad and Amroha state tax department raided the warehouse of Chand Beed company in Naugawan Sadat of…
Hearing the bail application of a businessman who was arrested by the directorate general of GST Intelligence (DGGI) for GST evasion of…
CGST Mumbai Zone, CGST Navi Mumbai Commissionerate arrested on 01.03.2024, the Head – Finance of a firm for supplying taxable service amounting to Rs. 492 Cr approximately without issuing any tax invoice and thereby indulging in the GST Evasion to the tune of approximately Rs 88 Crores.
“Former director of Avexa company P Sarath has been arrested on February 29 for playing a key role and pocketing…
A scam has been unearthed in Uttar Pradesh with fraudsters using hand pumps for claiming fake refunds using Inverted Duty…
Quashing penalty under Section 129 of the Uttar Pradesh Goods and Service Tax Act, 2017, Justice Shekhar B Saraf said, “Burden of…
