Search For "tax credit"
1.63 lakh GST registrations cancelled due to non filing of GSTR-3B returns
Updated : 5 years, 8 months ago IST
New Delhi [India], December 11 (ANI): To handle the menace of fake firms, fly-by-night operators, and circular trading entities, the Gross and Service Tax (GST) field formations have cancelled 1,63,042 registrations in the month of October and November this year due to non-filing of GSTR-3B
Read More
One held for illegally availing input tax credit on invoices without goods
Updated : 5 years, 8 months ago IST
New Delhi [India], December 8 (ANI): The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested a person for allegedly illegally availing input tax credit on invoices without goods.
Read More
GST Fake Invoice Fraud: 104 held within 3 weeks, bail rejected for kingpin
Updated : 5 years, 8 months ago IST
New Delhi [India], December 5 (ANI): The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates within three weeks of the nationwide concerted drive against GST fake invoice frauds have arrested so far 104 unscrupulous persons for illegally availing or passing on input
Read More
CBIC releases SOP for physical verification of entities to counter fake in
Updated : 5 years, 8 months ago IST
New Delhi [India], November 29 (ANI): As a part of its strategy to counter Goods and Services Tax (GST) fake invoice frauds via search and surveys leading to arrests and booking of cases against fake entities involved in availing and passing on input tax credit (ITC) fraudulently, the Centra
Read More
One held by DGGI Rohtak for issuing fake invoices of input tax credit
Updated : 5 years, 8 months ago IST
Rohtak (Haryana) [India], November 24 (ANI): The Directorate General of GST Intelligence (DGGI) on Monday arrested one person in Haryana's Hisar pertaining to the ongoing investigation of fraudulent passing of Input Tax Credit (ITC).
Read More
Law Committee of the GST Council suggests measures to tackle fake invoices
Updated : 5 years, 9 months ago IST
New Delhi [India], November 22 (ANI): The Law Committee of the GST Council after its intense deliberations on the issues of GST fake invoice frauds, spread over two days, has suggested two-pronged manifold measures that would warrant on the one hand to tackle the menace of fake invoices and
Read More
Law Committee of GST Council to meet on Wednesday to discuss fake invoices
Updated : 5 years, 9 months ago IST
New Delhi [India], November 16 (ANI): An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened on Wednesday here in New Delhi to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime.
Read More
Rs 52 cr input tax credit fraud unravelled, one held for 'trading of fake
Updated : 5 years, 9 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.
Read More
DGGI busts racket availing illegal ITC worth over Rs 50 crore, 1 arrested
Updated : 5 years, 10 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
Read More
Man held for operating fictitious firms, passing fake ITC of Rs 190 cr
Updated : 5 years, 10 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.
Read More
Flipkart increases focus on business customers ahead of festive season
Updated : 5 years, 11 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
Read More
Chambal Fertilisers reports 125 pc jump in FY20 profit at Rs 1,224 crore
Updated : 6 years, 2 months ago IST
New Delhi [India], May 25 (ANI): Chambal Fertilisers and Chemicals Ltd has reported 125 per cent jump in its net profit for 2019-20 at Rs 1,224 crore, including one-time deferred tax credit due to promulgation of Taxation Laws (Amendment) Act 2019.
Read More