Search result for 'itc fraud'

GoM on GST revenue analysis meets to address over ₹2 lakh crore ITC frauds, sector-specific leakages, and improve tax collection.

Punjab recorded a record 44.44% growth in GST collections in June 2025, reaching ₹2,379.90 crore, exceeding the national average. Finance Minister Harpal Singh Cheema attributes the success to...

GST officials uncovered a Rs 7.85 crore ITC fraud by a Delhi-based CA, involving 80 GSTINs and circular trading. The CA was arrested and remanded to judicial custody.

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.

Central GST officers detected Rs 1.95 lakh crore GST evasion in 25,397 cases during April-January 2024-25. The total detection amount in the last five years was over Rs 6.79 lakh crore.

Central GST officers detected over Rs 1.88 lakh crore in GST evasion during April-December 2024, including ITC fraud cases. 132 arrests were made and Rs 20,128 crore recovered.

GST officers have detected Rs 35,132 crore ITC evasion by 17,818 fake firms between April-October and arrested 69 persons. Read more about the crackdown on fake firms.

India's GST intelligence unit uncovered over Rs 1.98 lakh crore in tax evasion cases in 2023, arresting 140 masterminds and achieving significant voluntary payments.

GST officers busted a syndicate involved in fraudulent ITC claims worth Rs 275 crore, using 102 fake firms. The syndicate was operated by four masterminds who used stolen KYC documents to create...