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The Delhi High Court asked the respondent department to forfeit or remit the cash charged from the premises of the applicant to the petitioner comprising interest. The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has noted that ‘cash’ is excluded from the definition of the term ‘goods’ and would counted within the definition […]
A conference of GST enforcement chiefs shall be inaugurated by FM Nirmala Sitharaman and the meeting will discuss fighting evasion, among other issues. The one-day conference is intended to combat bogus invoicing. It will address this primary form of GST evasion and strategize useful methods to fight it jointly. The meeting is anticipated to motivate […]
Directorate General of GST Intelligence, Gurugram Zonal Unit issues a show cause notice to Pricol demanding a tax of Rs 380 cr including interest and penalty. Pricol is a leading manufacturer of instrument clusters. As per the exchange filing, the notice was obtained “as part of an industry-wide Goods and Services Tax (GST) investigation, concerning […]
The Directorate General of Goods and Services Tax Intelligence (DGGI) has commenced an investigation into tax evasion of ₹850 crores in 2020-21 and 2021-22 through certain large commercial coaching centres and can issue show cause notices to them, expressed officials. The scrutiny is concerned with the misdeclaration of the number of registrations and not paying […]
In the case of Fairdeal Metals Limited Vs Asst. Commissioner Of Revenue, State Tax WPA/170/2024; Calcutta High Court has expressed that the buyer, who is in no way associated with any of the allegations that have been incurred against the seller, could not be made responsible to pay a penalty for incorrect doings of seller. […]
The government is contemplating a heightened use of technology-driven advanced risk profiling to prevent input tax credit (ITC) fraud. They aim to halt suspected claims until undergoing thorough scrutiny. This move comes as Goods and Services Tax (GST) evasion, totalling over ₹4 lakh crore, has been unearthed in merely four years, with less than 30% […]
Over the last four and a half years, Gujarat has seen a staggering 515% surge in Goods and Services Tax (GST) evasion. This sharp rise may be attributed to subpar compliance or a heightened detection of counterfeit billing schemes. Parliament was presented with data from the Union finance ministry indicating Gujarat’s reported evasion of Rs […]
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 […]
The occurrence of online fraud related to GST payments has witnessed a surge. Cybercriminals are employing tactics like phone calls, SMS, and emails to deceive individuals into downloading GST payment challans. However, once the person clicks on the provided link, their bank account may be drained of funds completely. In response to these incidents, the […]
