Search For "tax credit"
CGST Delhi detects Input Tax Credit fraud worth over Rs 12 cr, accused sen
Updated : 6 years, 5 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, 5 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, 6 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, 6 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, 7 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, 7 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, 7 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, 8 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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Pune: 2 arrested for issuing fake GST invoices of around Rs 700 crore
Updated : 6 years, 10 months ago IST
Pune (Maharashtra) [India], Oct 6 (ANI): Two people have been arrested by the Headquarter Preventive Wing of the Central GST Commissionerate here for allegedly issuing fake Goods and Services Tax (GST) invoices of approximately Rs 700 crore.
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Punjab: 3 held in Rs 100 cr bogus billing scam
Updated : 6 years, 10 months ago IST
Chandigarh (Punjab) [India], Sept 25 (ANI): Three persons were arrested in connection with the issuance of fake invoices and passing the bogus input tax credit to various firms to the tune of Rs 100 crore, an official statement said on Wednesday.
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Delhi: Racket busted, 4 held for issuing fake invoices to avail tax refund
Updated : 6 years, 11 months ago IST
New Delhi [India], Sept 14 (ANI): Four people were arrested for issuance of invoices without actual supply of goods and thereafter availing fraudulent Input tax credit for seeking Integrated Goods and Service Tax refunds, Finance Ministry said on Saturday.
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In biggest operation, CBIC cracks down on GST violators at 336 countrywide
Updated : 6 years, 11 months ago IST
New Delhi [India], Sept 12 (ANI): The Directorate General of GST Intelligence (DGGI) and Directorate General of Revenue Intelligence (DRI) launched a countrywide joint operation at 336 locations which involved 1200 officers from both agencies against exporters who were fraudulently claiming
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