Input Tax Credit Archives - The News Hashtag

Directorate General of GST Intelligence Unearths Massive Fake ITC Cases Worth Rs. 18,000 Crore

Bureau The News HashtagFebruary 4, 202403 mins

New Delhi: In the ongoing Financial Year 2023-24, up to December 2023, the Directorate General of GST Intelligence (DGGI) has detected a staggering 1,700 fake Input Tax Credit (ITC) cases, involving an estimated Rs. 18,000 crore.

Nationwide Drive Targets GST Frauds: Over 29,000 Bogus Firms Detected

Bureau The News HashtagJanuary 7, 202402 mins

New Delhi: In a concerted effort to combat frauds in Goods and Services Tax (GST) and enhance compliance, GST formations under the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments have initiated a focused drive against non-existent/bogus registrations and the issuance of fake invoices without actual supply of goods and services.