Bengaluru, Feb 28 (IANS) The Directorate General of GST Intelligence (DGGI), Belagavi Zonal Unit, has uncovered a large-scale fake Input Tax Credit (ITC) scheme involving fraudulent invoices totalling approximately Rs 593 crore. The alleged mastermind was arrested in Bengaluru, according to an official statement issued Saturday. Mohammad Saifullah, a registered GST practitioner, has been identified as the mastermind behind the operation.He actively managed multiple non-existent and shell GSTINs,…
Latest Input Tax Credit News & Updates
Kolkata, Jan 20 (IANS) The Enforcement Directorate (ED) on Tuesday conducted search operations across Jharkhand, Manipur and Kolkata in connection with a massive fake Input Tax Credit (ITC) scam worth around Rs 658 crore, said sources in the central investigation agency. The raids were conducted at the premises of individuals and firms suspected of being linked to the fraud. ED’s Itanagar unit is spearheading the operation in coordination with state police forces, sources said.According to inv…
Itanagar, Jan 8 (IANS) The Enforcement Directorate (ED) has provisionally attached immovable industrial assets worth Rs 3.30 crore, located in an industrial area of Rajasthan, under the provisions of the Prevention of Money-Laundering Act (PMLA), 2002, in connection with an investigation into the alleged fraudulent availment and utilisation of Input Tax Credit (ITC), central probe agency sources said on Thursday.The ED, Itanagar Sub-Zonal office, has provisionally attached immovable industrial a…
Hyderabad, Jan 7 (IANS) Telangana Congress leader M. Sunil Kumar has been arrested for GST fraud, said the Directorate General of GST Intelligence (DGGI) on Wednesday.Kumar, the Managing Director of Orange Passenger Transport Pvt Ltd, and the Trillion Lead factory Managing Director, Chethan N., were arrested by the DGGI for GST evasion and a fake ITC racket, respectively.DGGI, Hyderabad zonal unit, said that Sunil Kumar was found to be collecting Rs 28.24 crore of Goods and Services Tax (GST) an…
New Delhi, Jan 1 (IANS) Vodafone Idea on Thursday said it has received a GST penalty order of Rs 637.91 crore, passed under Section 74 of the Central Goods and Services Tax Act (CGST), 2017.In an exchange filing, the telecom company said it received the penalty order from the Office of the Additional Commissioner, Central Goods and Services Tax (CGST), Ahmedabad South, on December 31.The order has been passed under Section 74 of the Central Goods and Services Tax Act, 2017, “confirming a penal…