Fake ITC racket busted; GST evasion of over Rs 85 crore by seven firms, one arrested
One person was arrested for using multiple firms to avail and pass on fake ITC on bogus invoices and e-Way Bills without actual supply of goods.
Source: ifp.co.in
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1 held by Delhi CGST officials for input tax fraud of Rs 134 Cr
The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake Input Tax Credit (ITC) of Rs 134 crore ...
Source: prokerala.com
GST Fraud: Delhi CGST officials arrest mastermind of Rs 134 crore tax scam
CGST Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters.
Source: india.com
1 arrested by Delhi CGST Officials for fraudulently claiming ITC of Rs 134 crore
The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake Input Tax Credit (ITC) of Rs 134 crore under the Goods and Services Tax (GST) with an intent to claim IGST refund fraudulently.
Source: ibtimes.co.in
CredAvenue Goes Live On MonetaGo Secure Financing Network
CredAvenue Goes Live On MonetaGo Secure Financing Network Date 25/05/2021 CredAvenue, a new age debt marketplace and part of Vivriti group, has gone live with MonetaGo’s invoice fraud prevention solution. MonetaGo will enable CredAvenue to prevent the risk of double financing of invoices and help with verifying the genuineness of the invoices and eWay Bills submitted for financing. The pressure the pandemic has placed on alternative finance providers to deliver timely and reliable cash flow to businesses is unprecedented. This has been particularly acut...
Source: mondovisione.com