The court quashed orders reversing ITC that were based solely on limitation under Section 16(4). It held that the amendment inserting Section 16(5) allowed ITC claims for FY 2017-18 to 2020-21 up to ...
The High Court granted regular bail in a ₹26.19 crore fake ITC case, noting prolonged custody, documentary evidence, and that the offence is triable by a Magistrate with a maximum five-year ...
CGST Gurugram busts a large-scale fake GST registration racket operating in North Delhi, involving fraudulent invoices and ...
New Delhi, Jul 20 (PTI) GST officers have uncovered fake input tax credit (ITC) claims of ₹15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even ...
GST officers detect Rs 15,851 crore fake ITC claims in April-June; 3,558 bogus firms busted, 53 held
NEW DELHI: GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the ...
As an immediate next step, taxpayers must report the accumulated ITC reversed balance as a one-time action. The same will need to be done by 30th November 2023.(Mint) In a bid to simplify compliance ...
In a major relief for individual policyholders, the Goods and Services Tax (GST) Council announced on September 3, 2025, that all individual health and life insurance premiums would no longer be ...
The Central Board of Indirect Taxes and Customs (CBIC) has informed that the relaxation in requirements of filing Job Work declaration in Form GST ITC-04 will be with effect from October 1, 2021. The ...
GST officers uncover Rs 15,851 crore fraudulent ITC claims in April-June, 3,558 fake firms uncovered
In the Q1 of FY25 , GST officers had detected Rs 12,304 crore fake ITC involving 3,840 fake firms. Rs 549 crore was recovered and 26 persons were arrested. (Photo source: Canva) GST officers have ...
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