Gst Intelligence News Today

The Central Board of Indirect Taxes and Customs (CBIC) has issued a cautionary advisory to taxpayers regarding fake summons sent by fraudsters. Taxpayers are urged to verify the authenticity of any summons received by checking the official CBIC website and reporting suspicious notices to the jurisdiction office immediately. This advisory comes after the Directorate General of GST Intelligence (DGGI) observed instances of individuals sending fake summons to taxpayers, intending to commit fraud.

The company has received a show cause cum demand notice from the Directorate General of GST Intelligence, Mumbai zonal unit under Section 74(5) of the Central Goods and Services Tax Act, 2017 (“the Act”), October 6, 2023 alleging a tax demand of Rs 38,99,77,849, the company said in an exchange filing.

Star Health and Allied Insurance received a notice by the e Directorate General of GST Intelligence for the payment of GST worth ₹38 crore

GST fraud news: Officers from the Jaipur Zonal Unit of Directorate General of GST Intelligence (DGGI) have uncovered a Delhi-based syndicate that was operating 569 phony companies. The group had created invoices having taxable turnover of Rs. 6,022 crore with fraudulent input tax credit (ITC) amounting to Rs 1,047 crore through these fake companies., Economy News, Times Now

The mastermind Rishabh Jain, aged 30, a resident of Delhi, according to the release, had hired 10 employees to operate these fake firms. The mastermind was arrested on Sunday and produced before Economic Offence Court, Jaipur, and is remanded for judicial custody till July 7, 2023. Income Tax Scam in Delhi: Multi-State Tax Fraud Syndicate Involving Rs 1,047 Crore Busted, Mastermind Arrested.

GST Intelligence teams conducting search and seizure operations in a dozen districts

The Karnataka High Court has quashed a hefty Rs. 21,000 crore show-cause notice issued to Gameskraft for GST evasion. , Technology & Science News, Times Now

From leaked audio clips to leaked audit reports, the still-unfolding story of Ashneer Grover’s fortunes is full of twists.

Piyush Jain was arrested by the officials of the GST Intelligence on charges of tax evasion and will be produced before the court today, a senior official said. The perfume industrialist is likely to be taken to Ahmedabad from Kanpur for further action, he said.

Unaccounted sandalwood oil, perfumes worth crores have also been seized from Jains factory, sources said. Raids were also carried out at offices and godowns owned by a transporter - M/s Ganpati Road Carriers, also in Kanpur - after which the action shifted to Piyush Jains premises. �� Kanpur IT Raid: Perfumer Piyush Jain Arrested After Rs 284 Crore in Cash Found in Raids.