Search For "input tax credit"
Rs 52 cr input tax credit fraud unravelled, one held for 'trading of fake
Updated : 5 years, 6 months ago IST
New Delhi [India], October 25 (ANI): The Directorate General of GST Intelligence (DGGI), Pune Zonal unit arrested one person accused of trading fake invoices in connection with Rs 52 crores input tax credit fraud.
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DGGI busts racket availing illegal ITC worth over Rs 50 crore, 1 arrested
Updated : 5 years, 7 months ago IST
New Delhi [India], October 23 (ANI): Officials of the Directorate General of GST Intelligence (DGGI) have busted an illegal racket, involving 115 companies, and arrested an aspiring charted accountant for alleged involvement in the wrongful passing on of Input Tax Credit (ITC) to the tune of
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Man held for operating fictitious firms, passing fake ITC of Rs 190 cr
Updated : 5 years, 7 months ago IST
Gurugram (Haryana) [India], October 9 (ANI): A man has was arrested on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit (ITC) of Rs 190 crore, the Directorate General of GST Intelligence (DGGI) said on Friday.
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Flipkart increases focus on business customers ahead of festive season
Updated : 5 years, 8 months ago IST
Bengaluru (Karnataka) [India], Sep 15 (ANI): E-commerce marketplace Flipkart said on Tuesday it is strengthening its focus on business customers by enabling them to get their Goods and Service Tax Identification Number (GSTIN) on their invoices, thereby allowing them to claim input tax credi
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CGST Delhi detects Input Tax Credit fraud worth over Rs 12 cr, accused sen
Updated : 6 years, 2 months ago IST
New Delhi [India], Mar 7 (ANI): Central Goods and Service Tax (CGST)-Delhi North Commissionerate arrested one person who received fake or goods-less invoices valued at Rs 71.22 crore involving fraudulent Input Tax Credit of Rs 12.82 crore from 30 bogus firms, Finance Ministry said on Saturda
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GST authorities bust racket of fake invoicing of Rs 7896 Cr, 2 held
Updated : 6 years, 2 months ago IST
New Delhi [India], Mar 3 (ANI): The GST authorities have busted a major racket in West Delhi of fake invoicing of Rs.7,896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1,709 crore using a network of 23 shell companies, the Union Finance Ministry said in a statement on Tuesday.
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Anti evasion wing of CGST detects tax fraud through fake invoices, one arr
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 19 (ANI): One person was arrested by the anti-evasion wing of CGST Delhi South Commissionerate on Wednesday after a case of tax evasion through fake invoice.
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Major racket of fake invoicing worth Rs 1,200 cr busted, one held
Updated : 6 years, 3 months ago IST
New Delhi [India], Feb 3 (ANI): The Anti-Evasion wing of Central Tax has busted a major racket by arresting one person, who was allegedly issuing fake invoices without actual supply of goods and thereafter availing of the input tax credit.
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Revenue Dept resets GST collection aim to Rs 1.15 lakh cr for next 2 month
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 17 (ANI): The Department of Revenue (DoR) has revised its revenue collection aim for GST to Rs 1.15 lakh crore for each of next two months and Rs 1.25 lakh crore for the last month of the financial year 2019-20 with specific focus on fraudulent input tax credit (ITC) c
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Officials discuss ways to streamline GST system, curb evasion
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 7 (ANI): Revenue Secretary Ajay Bhushan Pandey held a day-long brainstorming session on Tuesday with commissioners of state and central taxes to discuss how the Goods and Service Tax (GST) system can be streamlined for faster refunds, enhanced compliance and discourage
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Officials to meet on Jan 7 for streamlining GST refunds, curbing evasion
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 2 (ANI): Revenue Secretary Ajay Bhushan Pandey will hold a day-long brainstorming session on January 7 with commissioners of state and central taxes to discuss how the Goods and Service Tax (GST) system can be streamlined for faster refunds, enhanced compliance and dis
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Fraudsters swindle Rs 10,000-Cr as bogus Input Tax Credit
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 5 (ANI): Your income tax return filing document, salary slips and mark sheet might be used to claim bogus Input Tax Credit (ITC) by fraudsters who ran away with Rs 10,000 crore of public money.
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