FRAUDULENT GST NUMBER

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...

A 31-year-old man, Babar Khan, evading police for nine months, was arrested in connection with a Rs 10,000-crore GST fraud across India. Khan allegedly set up fake firms using stolen or forged ID cards to fraudulently claim input tax credit. Noida p...

New parcel scam: The Central Board of Indirect Taxes and Customs (CBIC) has stated that several people complained to them about a fake parcel scam being conducted in the name of customs. In this scam you get a call from a fake officer informing you ...

Chandan Soni, a resident of Gwalior, discovered that his personal details – PAN card and Aadhaar card – had been misused to create a fraudulent GST number and a fake company in his name. This company, "MG SALES", even showed a fabricated turnover ex...

Central and state GST officers will convene to discuss various issues, including stricter registration norms to combat fake companies evading taxes. This meeting follows record-high GST collections of Rs 2.10 lakh crore in April, driven by economic ...

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...

GST officers in India are using data analytic and artificial intelligence tools to identify taxpayers suspected of fake input tax credits. During April-December 2023, 14,597 cases of GST evasion were registered, with Maharashtra having the highest n...

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 ...

Mera Bill Mera Adhikaar: The initiative will apply to all business-to-consumer invoices provided to customers by GST-registered suppliers in participating states. A lucky draw must have at least Rs 200 worth of invoices to qualify.

The director general of goods and services tax intelligence has detected around 8,000 cases of fraudulent input tax credit claims and is issuing notices to the involved entities. The majority of these cases included fake suppliers with GST registrat...

Alleging that GST frauds are proliferating across the country and MSMEs are facing problems due to a web of regulations, Dr Amit Mitra, principal chief advisor to West Bengal Chief Minister Mamata Banerjee, on Monday urged Union Finance Minister Nir...

India's Goods and Services Tax (GST) regime needs to plug leakages that cause tax evasion, which has increased in recent years despite stable collections, officials have said. The number of cases of GST evasion detected has increased to about 14,000...

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...

The Noida Police has arrested three additional individuals in a multi-crore goods and services tax (GST) scam, taking the total number of arrests to 19. The scheme has caused a significant loss of revenue to the government. The criminal activity inv...

The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The biometric authentication will be used to verify the identities of individu...

Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).

​The CBIC last week introduced validation and risk rating for GST registrations, as it looks to curb fake entities issuing fake bills just to claim ITC benefit and defraud the exchequer. The official said the strategy to go in for additional validat...

MSME firms, particularly online sellers, are reportedly facing increased challenges with GST compliance. The Central Board of Indirect Taxes and Customs' special drive to combat fake GST registration has raised concerns among industry players who ci...

In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of business to obtain GST registration.