DGGI
GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge Introduced seven years ago, the Goods and Services Tax (GST) has streamlined compliance and boosted tax revenues, but challenges persist with fake invoices and fraudulent registrations causing tax evasion concerns. Despite this, GST has simplified t...
30 Jun, 2024, 05.03 PM ISTOnline gaming companies get summons for cashback to players since October The agency detected reimbursements of taxed money back to players as cashback in a separate promo account by online gaming companies post implementation of the 28% GST (goods and services tax) on the full entry level betting amount. The DGGI Gurgaon...
26 Jun, 2024, 11.32 PM ISTRetro tax demand on online gaming companies may be quashed As per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed, people familiar with the development said. The law committee has suggested amendment to the Central Goods and...
19 Jun, 2024, 12.40 AM IST- ADVERTISEMENT
IATA boss warns foreign airlines may quit India if taxation issues are not sorted The chief of the International Air Transport Association (IATA), Wille Walsh, warned that airlines may withdraw from the Indian market if concerns over taxation are not addressed. Several global airline groups including Emirates, British Airways, Lu...
04 Jun, 2024, 05.50 PM ISTDGGI launches probe into 'tax evasion' worth Rs 18k cr by agricultural brokerage houses During a sector-wise analysis of GST data, the DGGI detected evasion by 58 brokerages, engaged in procurement of crops from farmers for businesses and government agencies, and in processing and packaging for exports, said officials. Some of these br...
02 May, 2024, 12.30 AM ISTPatanjali Group companies face GST heat, receives show-cause notices Patanjali Foods has received a show cause notice from the Directorate General of GST Intelligence, Chandigarh, for allegedly claiming Rs. 27.5 crore in undue input tax credit. The company has vowed to defend its position and comply with the law, sta...
29 Apr, 2024, 06.20 PM ISTTax evasion of Rs 730 cr by TMT bar makers detected All iron and steel items are subject to 18% GST. The Meerut unit of DGGI had received intelligence that several TMT bar makers were filing documents on behalf of non-existent companies naming them as suppliers and claiming input tax credit. The offi...
04 Apr, 2024, 12.32 AM ISTCBIC issues SOP for officials to prevent taxpayer harassment The Central Board of Indirect Tax and Customs (CBIC) has approved a detailed standard operating procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI) to improve the ease of doing business and prevent harassment of taxpa...
29 Mar, 2024, 09.27 AM ISTCoaching centres face DGGI probe for tax evasion DGGI is probing potential tax evasion of ₹850 crore by large coaching centres in 2020-21 and 2021-22. Officials suggest misdeclaration of enrolments and non-payment of tax after collection. The investigation, initiated in January 2023, targets numer...
22 Feb, 2024, 12.21 AM ISTTax investigation: Detailed SOP in works for DGGI officials The Central Board of Indirect tax and Customs is considering a directive to address concerns raised by multinational companies during tax investigations conducted by DGGI officials. The directive aims to improve ease of doing business and has receiv...
20 Feb, 2024, 12.09 AM ISTDGGI cautioned taxpayers about fake summons The Central Board of Indirect Taxes and Customs (CBIC) has issued a cautionary advisory to taxpayers regarding fake summons sent by fraudsters. Taxpayers are urged to verify the authenticity of any summons received by checking the official CBIC webs...
10 Feb, 2024, 08.10 PM ISTDGGI probing Mahadev Online Book for possible non-payment of GST The Directorate General of GST Intelligence (DGGI) is investigating Mahadev Online Book, an allegedly illegal betting application, and its promoters for suspected violation of GST rules and non-payment of tax. The DGGI suspects the GST dues to be ar...
05 Feb, 2024, 12.32 AM ISTDGGI busts 1,700 fake ITC cases worth Rs. 18,000 crore in Apr-Dec, arrests 98 DGGI has busted 1,700 fake Input Tax Credit (ITC) cases worth Rs 18,000 crore and arrested 98 people. Using data analysis and advanced tools, DGGI apprehended tax evaders involved in creating fake firms and companies. In one case, a firm in Haryana ...
03 Feb, 2024, 08.56 PM ISTDirectorate General of GST Intelligence to have 1st digital forensic lab in Gujarat The Directorate General of GST Intelligence (DGGI) has established its first digital forensic lab in Ahmedabad, aimed at enhancing the detection of tax evasion and improving recovery efforts with digital evidence. The lab is equipped with advanced d...
01 Feb, 2024, 12.30 AM ISTDGGI has no special power over state GST officials: Jharkhand HC "Prior to any determination or finding of any irregular or inadmissible availment of input tax credit, attachment of bank account of the petitioner appears to be an 'arm twisting method' to make the petitioner succumb to the particular authority, wh...
20 Jan, 2024, 12.45 AM ISTGST intelligence unit detected over Rs 1.98 lakh crore worth tax evasion cases in 2023 "DGGI has achieved an increase in detection of cases of evasion and voluntary payments. In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs 1,98,324 crore with a voluntary payment of Rs 28,362 crore. 140 masterminds involved in GST ev...
11 Jan, 2024, 09.21 PM ISTDelta Corp says Rs 23,200 crore-GST demand arbitrary Delta Corp, an online gaming and casino firm, contested a GST demand of over Rs 23,200 crore, deeming it arbitrary and contrary to laws, hence not provisioning for it. Their Q3FY24 reported a 59% decrease in net profit at Rs 34.48 crore, with a redu...
09 Jan, 2024, 09.48 PM ISTIn a first, over 10 foreign airlines questioned by DGGI over alleged tax evasion charges The DGGI has questioned executives of at least ten prominent foreign airlines, including British Airways, Etihad, Thai Airways, and Qatar Airways, over allegations of tax evasion involving hundreds of crores of rupees. The DGGI has requested documen...
31 Dec, 2023, 10.10 AM ISTOffshore real money gaming apps lure users with 'No GST' carrot India-based real money gaming (RMG) applications are challenging a tax demand of over ₹1.5 lakh crore from the Directorate General of GST Intelligence (DGGI). Meanwhile, offshore RMG apps are actively advertising that they do not attract GST, taking...
31 Oct, 2023, 12.13 AM ISTDGGI busts fake GST bill operator gang The Directorate General of GST Intelligence (DGGI) has busted a gang of ‘fake GST bill operators' who used to run a syndicate to help companies, especially in the metal and scrap industry, to avail of input tax credit (ITC). DGGI’s probe has reveale...
26 Jul, 2023, 06.05 PM IST