Tag: GST fraud

GST evasion of ₹7.08 lakh crore detected in five years, includes input tax credit fraud of ₹1.79 lakh crore

GST evasion of ₹7.08 lakh crore detected in five years, includes input tax credit fraud of ₹1.79 lakh crore

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Wooden letters GST and money coin stack on red table background, financial concept | Photo Credit: Getty Images/iStockphoto “Central Goods & Services Tax (GST) field officers have detected tax evasion of about $7.08 lakh crore in the last five years till 2024-25 fiscal, including input tax credit (ITC) fraud of about ₹1.79 lakh crore,” Parliament […]

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GST officers detect ₹15,851 crore fraudulent ‘input tax credit’ claims in April-June; 3,558 fake firms uncovered

GST officers detect ₹15,851 crore fraudulent ‘input tax credit’ claims in April-June; 3,558 fake firms uncovered

cpooldigitalLeave a Comment on GST officers detect ₹15,851 crore fraudulent ‘input tax credit’ claims in April-June; 3,558 fake firms uncovered

The total number of fake firms detected by Central and State GST officers during the first quarter of FY-26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. File | Photo Credit: Getty Images/iStockphoto “Goods and Services Tax (GST) officers have uncovered fake Input Tax Credit (ITC) claims of […]

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