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The DGGI has till date, detected more than 6,000 fake ITC cases involving more than ₹57,000 crore GST evasion with the arrest of 500 persons from April 2020 to September 2023. In the current fiscal year alone, a total of 91 fraudsters were apprehended.
The Central Board of Indirect Taxes and Customs had initially carried out a two-month special investigation from May 14-July 14, in which 77,200 entities were verified. Out of these, 20,800 were found to be bogus.
An earlier two-month drive held by the CBIC, between May 14 and July 14, verified 60,000 entities, of which 20,800 were found to be bogus.
The Allahabad High Court has granted bail to the person allegedly involved in the creation of 92 fake GST Forms and the passing of fake Input Tax credits (ITC) to the tune of Rs. 88 crore.The bench of...
The 15 companies under the scanner include both life and general insurance to whom show cause notices are being served.