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GST fraud worth Rs 900 crore busted

Thursday, December 26, 2019, 6:45 PM

GST fraud worth Rs 900 crore busted

A GST fraud of a whopping Rs 900 crore in which input tax credit to the tune of Rs 152 crore was availed in Tamil Nadu has been busted, a top official of the Directorate General of Goods and Service Tax Intelligence said. In one of the major operations, the sleuths of DGGI, Chennai Zonal Unit (CZU), carried out a search on 19 and 20 December at multiple premises in the state and unearthed the fraud of about Rs 900 crore. A string of firms was created and GST registrations were done for them using identity documents of gullible people, Principal Additional Director General, CZU, DGGI, K Anpazhakan, said in an official release. Fake invoices were issued by such fictitious firms and fraudulent input tax credit of around Rs.152 crore was availed by various firms, he said.

Scam Alerts

 
Tax Frauds Worth Rs 38,000 Crore Detected Last Year

Tuesday, July 16, 2019, 6:49 PM

Tax Frauds Worth Rs 38,000 Crore Detected Last Year

The Finance Ministry on Tuesday informed the Parliament the tax officials detected tax frauds worth Rs 37,946 crore in the financial year 2018-19 and Rs 6,520 crore in the April-June 2019 period after the implementation of GST (goods and service tax) regime. The Minister of State for Finance Anurag Thakur, in a written reply to the Rajya Sabha also informed that the cases of availing tax credit by issuing fake invoices were of Rs 11,251 crore in 2018-19 and Rs 2,805 crore in April-June 2019. In the first year of GST implementation, only 5 cases of tax credit availment by fake invoicing were detected by Central GST formations involving an amount of Rs 12.67 crore.

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IndianMoney Review: How To File Complaint Against GST Fraud?

Friday, December 14, 2018, 6:39 PM

IndianMoney Review: How To File Complaint Against GST Fraud?

Goods and Services Tax or GST came into effect in India on July 1st, 2017. GST replaced all the indi ...

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