GST FRAUD

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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Maharashtra GST Department Issues Circular On Assessment Of Non Genuine/ Non Existent Taxpayers

Maharashtra GST Department Issues Circular On Assessment Of Non Genuine/ Non Existent Taxpayers

Vide internal circular no. 03A of 2022, dated 25.02.2022, the Maharashtra GST department has issued guidelines on assessment of non genuine/ non existent taxpayers under GST. The Circular can be read as under: Synopsis Assessment of return non-filers w/s 62 is done as a measure to ensure filing of return. However, the taxpayers are detected …

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Crypto Exchange WazirX Raided For GST Evasion. Read Complete Details Here

Crypto Exchange WazirX Raided For GST Evasion. Read Complete Details Here

The Mumbai East Commissionerate of GST said that the country’s largest crypto exchange WazirX, which deals in cryptocurrencies, was evading GST for a long time. Revealing the tax evasion of these crores, the officials have now recovered a fine of more than Rs 49 crore after levying interest and penalty on the exchange. According to …

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Thugs Duped Rs 10 Lakh From Doctor By Posing Themselves As GST Officer

Thugs Duped Rs 10 Lakh From Doctor By Posing Themselves As GST Officer

Thugs duped Dr. Praveen Singh, resident of Prahladgarhi, by posing as GST officers and duped Rs 10 lakh. The victim alleges that the thugs entered the house and beat them up. In this regard, the aggrieved doctor has given a complaint to Senior Superintendent of Police Pawan Kumar. It is alleged that even then the …

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Country Needs to Come Out of this Tax Culture that “All Businesses are Fraudulent”: Supreme Court

In a case, Justice Chandrachud today said that “The country needs to come out of this tax culture that ‘all businesses are fraudulent’. Even where 12 crore tax has been paid (by the assessee), just because some tax is still due, you can’t start attaching property! If there is any alienation of assets or the assessee is winding up or going into liquidation, it is understandable. But just because you have the account numbers, you can’t start attaching and even block the receivables!”

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.

GST Officials Arrested One for Causing Loss to Revenue

GST Officials Arrested One for Causing Loss to Revenue

GST Officials Arrested One for Causing Loss to Revenue The Gurugram Zonal Unit of Directorate General of GST Intelligence has arrested a person, namely Mr. Pradeep Jain, resident of Muzaffarnagar, UP who is Director of M/s PSR Metals Pvt Ltd, Muzaffarnagar. An investigation was conducted against M/s PSR Metals Pvt Ltd located at Khasra No …

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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.

CGST Delhi Arrested 4 More Beneficiaries of Loopholes in GST System

In the ensuing initiative to counter the menace of fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi North, on the basis of intelligence developed through extensive data analytics, have unearthed a network of fictitious firms to generate goods-less invoices and pass-on fake Input Tax Credit to multiple beneficiaries. In all, four individuals were arrested in three different cases in terms of Section 69(1) of the CGST Act, 2017 for commission of offences under Section 132 (1) of the CGST Act, 2017. The total Input Tax Credit involved in the three cases is Rs. 178 crore. Further investigations in all the matters are in progress and the amount of fake credit and total number of companies/persons involved are likely to increase.

2 GST Frauds Worth Rs. 445 Crore in Only 5 Days

It is apparent from the investigation conducted till date, that Shri Surender Kumar Gupta, Director of M/s. Mystic Exim Pvt. Ltd., M/s. Landmark Traders Pvt. Ltd. and Controller of M/s. JKM Impex forged documents to show receipt of goods in his above mentioned companies/firms from multiple fictitious/non-existent entities, which never existed at their given addresses. The entities of Shri Surender Kumar Gupta had further passed on the fake ITC to multiple exporter firms, who had further encashed such ITC through fraudulent IGST refunds.