Input Tax Credit

A man was arrested in Raipur in Chhattisgarh on Saturday for allegedly evading GST through bogus input tax credits worth Rs 71.38 crore, an official said.

Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it.

GST officers have busted a syndicate of 48 fake firms which availed fraudulent input tax credit (ITC) of over Rs 199 crore and have arrested three people in this regard, the finance ministry said on Tuesday.

GST officers have unearthed two fake billing rackets involving 246 shell/fake entities involved in fraudulently passing input tax credit (ITC) of Rs 557 crore and arrested three key operatives.

A 34-year-old alleged mastermind of a fake input tax credit racket, which caused a loss of Rs 176 crore to the government by floating fictitious companies in the names of poor people, has been arrested while attempting to flee the country.

The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit (ITC) as it looks to check tax evasion, a top official said on Friday.

The GST Intelligence officers have unearthed a racket involving 461 shell/fake entities, which had passed on fraudulent input tax credit of Rs 863 crore.

The Central Goods and Services Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese smartphone maker in Maharashtra's Thane district for allegedly fraudulently availing input tax credit (ITC) worth Rs. 19 crore through fake invoices.

The Central Goods and Services Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese smartphone maker in Thane district for allegedly fraudulently availing input tax credit (ITC) worth Rs 19 crore.

Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.

The Bhiwandi Commisionerate of Central Goods and Services Tax (CGST) in Mumbai Zone busted a fake invoice racket worth Rs 132 crore and availing/passing on Input Tax credit of Rs 23 crore.

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the Finance Ministry has said.

Three partners of a firm based in neighbouring Thane district were arrested on Sunday for allegedly evading Goods and Services Tax (GST) and fraudulently availing input tax credit (ITC) collectively worth Rs 78 crore, officials said.

The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.

A man was arrested in Raipur in Chhattisgarh on Saturday for allegedly evading GST through bogus input tax credits worth Rs 71.38 crore, an official said.

Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it.

GST officers have busted a syndicate of 48 fake firms which availed fraudulent input tax credit (ITC) of over Rs 199 crore and have arrested three people in this regard, the finance ministry said on Tuesday.

GST officers have unearthed two fake billing rackets involving 246 shell/fake entities involved in fraudulently passing input tax credit (ITC) of Rs 557 crore and arrested three key operatives.

A 34-year-old alleged mastermind of a fake input tax credit racket, which caused a loss of Rs 176 crore to the government by floating fictitious companies in the names of poor people, has been arrested while attempting to flee the country.

The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit (ITC) as it looks to check tax evasion, a top official said on Friday.

The GST Intelligence officers have unearthed a racket involving 461 shell/fake entities, which had passed on fraudulent input tax credit of Rs 863 crore.

The Central Goods and Services Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese smartphone maker in Maharashtra's Thane district for allegedly fraudulently availing input tax credit (ITC) worth Rs. 19 crore through fake invoices.

The Central Goods and Services Tax (CGST) Commissionerate of Mumbai Zone on Wednesday arrested a senior official of a Chinese smartphone maker in Thane district for allegedly fraudulently availing input tax credit (ITC) worth Rs 19 crore.

Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.

The Bhiwandi Commisionerate of Central Goods and Services Tax (CGST) in Mumbai Zone busted a fake invoice racket worth Rs 132 crore and availing/passing on Input Tax credit of Rs 23 crore.

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the Finance Ministry has said.

Three partners of a firm based in neighbouring Thane district were arrested on Sunday for allegedly evading Goods and Services Tax (GST) and fraudulently availing input tax credit (ITC) collectively worth Rs 78 crore, officials said.

The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.