GSTFRAUD

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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Officer Arrested For Taking Rs. 50000 Bribe For GST Certificate

The Vigilance Bureau has arrested Deputy Excise and Taxation Commissioner i.e. DETC Raja Ram Nain, posted in Bahadurgarh, red-handed while taking a bribe of 50 thousand rupees. DETC Raja Ram Nain had demanded a bribe from a person named Shankar Lal, a resident of Gurugram, in exchange for issuance of GST certificate . Vigilance Bureau …

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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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GST

GST Officials Seize Rs. 1.7 Crore from a Private Bank Locker

During the course of a follow-up investigation, officers from the Directorate General of GST Intelligence (DGGI), Visakhapatnam, have seized cash worth ₹1.7 crore from the locker of a private bank in Guntur. The seized currency was in bundles of ₹2,000 denominations. [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] The bank locker is related to an ongoing investigation …

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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!”

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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GST Council to Meet Today for Some Most Important Issues

GST Council to Meet Today for Some Most Important Issues Matters to be discussed in meeting (as per sources) (1.) GST Fake Invoices and Fake ITC Fraud (2.) Implementing Some Other Provisions for GST Registration (3.) GST Compensation to States etc. Sources said that GST evasion worth Rs 93,642 crore has been unearthed and 408 …

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Two Persons Arrested for Availing and Passing Fake Input Tax Credit (ITC) Worth Rs. 520 Crores and 209 Crores

Two Persons Arrested for Availing and Passing Fake Input Tax Credit (ITC) Worth Rs. 520 Crores and 209 Crores Main accused companies : M/s Sunil Hitech Engineering Ltd. and M/s Shree Oshiya Ferro Alloy Pvt. Ltd. Mumbai Zonal Unit of the Directorate General of GST Intelligence, CBIC has arrested Mr. Sunil Ratnakar Gutte, Director of …

Two Persons Arrested for Availing and Passing Fake Input Tax Credit (ITC) Worth Rs. 520 Crores and 209 Crores Read More »

Ahmedabad, Surat becoming bogus GST billing hubs: Govt

GST Officials Can Not Resort to Physical Violence While Conducting Search, Interrogation or Investigation : Telangana High Court

GST Officials Can Not Resort to Physical Violence While Conducting Search, Interrogation or Investigation : Telangana High Court In the case of M/s Agarwal Foundries Private Ltd. vs Union Of India [Writ Petition No. 28268 of 2019], the Telangana High Court has provided its judgement, some highlighted lines of which are quoted as under : …

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Mastermind Arrested for Availing Fake Input Tax Credit (ITC) Worth Rs 1278 Crore

Mastermind Arrested for Availing Fake Input Tax Credit (ITC) Worth Rs 1278 Crore

Mastermind Arrested for Availing Fake Input Tax Credit (ITC) Worth Rs 1278 Crore Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST), Commissionerate, Delhi (East) have busted a major racket for the generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx). …

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CA Final Student Creates 115 Fake Companies and Availed Fake ITC worth Rs 50 Crore

CA Final Student Creates 115 Fake Companies and Availed Fake ITC worth Rs 50 Crore

CA Final Student Creates 115 Fake Companies and Availed Fake ITC worth Rs 50 Crore Prince Manish Khatri, a CA final student was arrested by CGST-II, Vadodara for claiming fake Input Tax Credit (ITC) of Rs. 50.24 Crore by creating 115 fake companies. According to GST officials, Manish Khatri used identities of villagers to create …

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TAX DEFAULTERS BE ALERT

TAX DEFAULTERS BE ALERT : TAX DEPARTMENT IS NOT ON LEAVE

Tax Defaulters Be Alert : Tax Department is Not on Leave Key highlights > Tax department is not silent during COVID-19 ; > CBDT asked officers to not issue notices for now ; > Collect data that will help settle pending litigation ; > Using the lockdown to build stronger cases against defaulters. Overview Due …

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Updated CGST Rules by CBIC

UPDATED CGST RULES BY CBIC (UPDATED UP TO 3rd APRIL, 2020)

Updated CGST Rules by CBIC : After including all notifications till date, CBIC issues new updated version of CGST Rules, 2017 for the ease of learning for taxpayers and professionals. Note : This updated version of the CGST Rules is amended upto 3rd April, 2020. This has been prepared for convenience and easy reference of …

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gst update

LINKING OF GSTR-1 WITH GSTR-3B AND GSTR-3B WITH GSTR-2A

As per the decision taken by the GST Council in its 39th meeting in consultation with Sh. Nandan Nilekani, outward liability as shown in GSTR-1 will be linked with outward liability to be shown in GSTR-3B and inward supplies as shown in GSTR-3B will be linked with GSTR-2A. For this, the extract of press release …

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ONE ARRESTED IN DELHI FOR AVAILING FAKE ITC OF RS. 12 CRORE FROM 30 FAKE FIRMS

The CGST Delhi North Commissionerate arrested one person who received fake/goods-less invoices valued at Rs 71,22,95,370/- involving fraudulent Input Tax Credit of Rs 12,82,05,579/- from 30 bogus/fake firms. The modus operandi was to create various fake firms in the name of employees of the operator of fake firms and other persons. Fake e-way bills were …

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TWO DIRECTORS ARRESTED FOR FRAUDULENTLY CLAIMING IGST REFUND ON EXPORT WORTH RS. 61 CRORE

DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd & others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than Rs. 61 Crores. It has been revealed that ITC has been fraudulently availed by M/s Aastha Apparels Pvt Ltd & others on the …

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BIG GST FRAUD OF RS. 436 CRORE UNEARTHED IN DELHI

Officers of Anti-Evasion, Central GST Delhi East Commissionerate have unravelled a major operation of Circular Trading, involving the use of fake invoices to claim fraudulent refunds of Input Tax Credit. Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma operating a total of 17 fake firms procured invoices without actual supply of goods and availed …

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RACKET OF FAKE INVOICES WITHOUT ACTUAL SUPPLY OF GOODS BUSTED IN DELHI

CLICK HERE TO INSTALL OUR APP FOR IT, GST, MCA/ROC UPDATES CGST Delhi West and CGST Delhi North in a joint operation busted a racket of issuance of invoices without actual supply of goods. The taxpayer availed fraudulent Input Tax Credit for seeking IGST Refunds from Customs formations. Investigations revealed a novel modus operandi wherein …

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