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GST officers detected Rs 15,851 crore in fraudulent ITC claims and 3,558 fake firms in April-June. A 29% rise in fraudulent ITC claims compared to last year.

Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during FY25. Read more on the crackdown on GST fraud.

CAG K Sanjay Murthy and 16th Finance Commission Chairman Arvind Panagariya discussed public finance, GST administration, and accounting practices.

Logistics industry expects Union Budget 2024-25 to focus on ease of doing business, incentives for green initiatives, infrastructure development, and streamlined regulations.

Finance Minister Nirmala Sitharaman assures taxpayers that less than 2% have received GST notices, emphasizing the government's focus on easing compliance requirements. The GST Council has also...

Finance Minister Nirmala Sitharaman will inaugurate a conference of GST enforcement chiefs to discuss combating tax evasion and sharing best practices.