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The Allahabad High Court has declined to intervene at the preliminary stage regarding a show cause notice issued under Section 74 of the Uttar Pradesh Goods and Services Tax (UP GST) Act, 2017, which alleges the use of fraudulent input tax credit (ITC). However, the Court has instructed the GST department to provide all detrimental […]
India has discovered over 24,000 cases of fake GST invoices in the current financial year 2025-26, a significant increase compared to previous years. The government shared this information in the Rajya Sabha on Tuesday. Authorities are becoming concerned about the growing number of inactive pharmaceutical companies and other shell businesses being used to falsely claim […]
The Apex Court expressed disapproval of the practice wherein parties obtain anticipatory or regular bail orders from courts after voluntarily proposing to deposit certain amounts, but later renege on their statements and approach higher courts, claiming that the condition imposed while granting bail was onerous or that the counsel concerned lacked the authority to make […]
The Central GST Delhi South Commissionerate, in a GST fraud, arrested a South Delhi-based Chartered Accountant for producing a huge Rs 7.85 crore Input Tax Credit (ITC) scam involving circular trading and fake firms. The Ministry of Finance said in a statement that the CA has been remanded to judicial custody until May 21, 2025, […]
The Gujarat High Court on Thursday (February 6) dismissed the regular bail plea of journalist Mahesh Langa in an alleged case of GST fraud along with the fraudulent claim of Input Tax Credit and forgery of documents registered by Rajkot police. Justice MR Mengdey while pronouncing the order said, “Dismissed”. It is not inclined to […]
Traders have been given notices by the Goods and Services Tax Department for issuing incorrect or fake invoices. These notices are based on data from the Mera Bill Mera Adhikar Scheme. The Central Board of Indirect Taxes and Customs (CIBIC) started this scheme to encourage the habit of creating bills and invoices during buying and […]
For All India Special Drive, Rajasthan Commercial Taxes issues clarification against the fake GST registration. However, the genuine assessee would not be needed to worry. The government would be needed to suffer a loss in revenue and the honest assessees would be required to suffer from the issues because of the fake practice of ITC. […]
The Goods and services tax authorities would be asking for near real-time access to the banking transactions of the assessees that render to fetch the bogus invoices and more use of the ITC through the businesses sections. The same procedure complies with the recent investigations that show that the undue tax credits collected via the […]
Through the highest number of bogus scams and those who are involved in the illegal claiming of ITC Gujarat reports the fourth-highest number of goods and services tax concerned frauds. As per the information tabled in the parliament through the central ministry of finance, the state has reported 2848 cases of GST concerning frauds from […]
