FAKE BILLING

Alert: GST Fraud By Forged Signature Of Deceased Person

Alert: GST Fraud By Forged Signature Of Deceased Person

In MP, the commercial tax department took a big action and caught a big scam. Action has been taken against bogus institutions passing on ITC to other firms by issuing fake bills. The department has caught the supply chain of bogus firms. Bogus turnover of crores of rupees was being done through these firms. Most …

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Blockchain Technology Will Check GST Evasion, These Places Will Be Monitored in First Phase

Blockchain Technology Will Check GST Evasion, These Places Will Be Monitored in First Phase

You must have heard many news about the evasion of GST (Goods and Services Tax). At the same time, the government is very serious to stop it. It is taking several steps to stop GST evasion. The government will use blockchain technology to crack down on tax evaders. This is the same technology that is …

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CGST arrests authorized person of firm for claiming Input Tax Credit against fake invoices

CGST Navi Mumbai arrests authorized person of firm for claiming Input Tax Credit against fake invoices Firm avails Rs. 5 Crore fictitious Input Tax Credit; accused arrested, sent on judicial custodyPosted Date:- Dec 30, 2021 Central Goods and Services Tax (CGST), Navi Mumbai arrested the authorized person of M/s. G. S. Steel, for having availed …

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Biggest recovery ever in the history of CBIC

The biggest recovery has been made so far in the ongoing raids on the premises of first pan masala trader and then perfume trader. Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri has shared information about this. He said that the department had received information that business is being done in Trimurti …

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Breaking: ITC Cannot Be Denied To Genuine Buyer On The Fact That Supplier is Fake (Read Judgement)

Breaking: ITC Cannot Be Denied To Genuine Buyer On The Fact That Supplier is Fake (Read Judgement)

In various writ petitions, the Calcutta High Court has held that: “The main contention of the petitioners in these writ petitions are that the transactions in question are genuine and valid by relying upon all the supporting relevant documents required under law and contend that petitioners with their due diligence have verified the genuineness and …

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GST Department Used "Vehicle Movement Tracking App" to Identify Fake E-Way Bills and Helped Income Tax Department

GST Department Used “Vehicle Movement Tracking App” to Identify Fake E-Way Bills and Helped Income Tax Department

The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa. More than 44 premises were covered in the search operation. During the course of the search and seizure operation, …

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CGST Officials Arrested 2 Persons for Input Tax Credit Fraud of More Than Rs 10 Crore

CGST Officials Arrested 2 Persons for Input Tax Credit Fraud of More Than Rs 10 Crore

The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods. On the basis of the investigation conducted till date, the said firm showed purchase of cement from non-existent concern …

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filling fake ITR and making fake documents

ICAI took action in the case of filling fake ITR and making fake documents, Fifty thousand fine imposed on CA

The Institute of Chartered Accountants of India (ICAI), the regulatory body of chartered accountants, New Delhi has imposed a fine of Rs 50,000 on Suresh Kumar Goklani, CA of Jodhpur. Also, licenses have been suspended for 3 months. CA Goklani has been found guilty of filing ITR on the basis of false facts and making …

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GST FRAUD

GST Department Finally Caught the Fraudster Who was Hiding Himself from the Department

It is apparent from the investigation conducted till date, that Shri Ravinder Kumar created multiple proprietorship, partnership firms and private limited companies based in Haryana, New Delhi and Jharkhand merely on paper. Shri Ravinder kept eluding the investigation and did not appear before the investigating authorities even after issuance of Summons on multiple occasions.

Fake ITC Fraud: Man Arrested for Availing Fake ITC of Rs 38.91 Crore

The offence committed by the accused Shri Nihaluddin is covered under Section 132(1)(b)  of the CGST Act, 2017 which is cognizable and non-bailable offences as per the provision of Section 132(5) and punishable under clause (i) of sub section 1 of Section 132 of the Act ibid. Accordingly, Shri Nihaluddin was arrested under Section 69(1) of the CGST Act, 2017 and produced before the Duty Magistrate on 01.03.2021 who remanded him to judicial custody of 14 days till 15.03.2021. Further investigation in the case is underway.

CBI arrests 2 Central GST officials in Rs 50,000 bribery case

Jodhpur: Fraudster Formed Fake Company in the Name of a Daily Wage Laborer. Investigation Reveals Bogus Billing of Rs. 24 Crore

Nainaram Meghwal, a daily wage laborer from Dungarpur, a small village near Roht in Pali, was turned into a diamond business worth Rs 23.80 crore by the GST fraud gang. Through a NREGA mate, fraudulent documents were obtained, then opened a fake company in his name and started GST theft and bogus billing.