Chennai: The CGST Chennai north commissionerate uncovered a major fake GST invoice racket that generated fraudulent Input Tax Credit (ITC) worth 50.85 crore on bogus invoices estimated at around 300 ...
Opinion
15don MSNOpinion
GST leaks need plugging as fake invoices surge and exporters face liquidity strain
India's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap sector. This practice allows tax evasion and distorts competition. Exporters ...
During the hearing, Malik’s counsel argued that the prosecution had relied on assumptions rather than a quantified allegation ...
Create a CRM using Excel with dropdown customer selection and FILTER plus XLOOKUP, saving time while keeping leads and deals ...
In Sudhan VFX Vs Superintendent (Madras High Court), the petitioner challenged a GST recovery notice demanding Rs. 39,60,000 for IGST for services allegedly supplied between 4th and 5th July 2023. The ...
The Centre has acknowledged a sharp rise in GST evasion and Input Tax Credit (ITC) frauds, where bogus or dummy entities were found to be used as fronts for fake invoicing. In a tabulated scale of ...
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