GST officers detect Rs 35,132 cr ITC evasion by over 17k fake firms: Govt
GST officers have detected cases of ITC evasion of Rs 35,132 crore by 17,818 fake firms between April-October and arrested 69 ...
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GST Officers Detect Rs 35,132 Crore ITC Evasion By Over 17,000 Fake Firms
GST officers identified 18,876 fraud cases during April-October FY2025, recovering Rs 1,062 crore and blocking Rs 5,422 crore ...
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GST officers detect Rs 35,132 cr ITC evasion by over 17,000 fake firms
GST officers have detected cases of ITC evasion of Rs 35,132 crore by 17,818 fake firms between April-October and arrested 69 ...
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Madras HC denies GST ITC on gold coins and T-shirts used in sales promotions
However, the court clarified that under the GST framework, Section 17 (5) (h) expressly prohibits ITC claims on goods disposed of as gifts or free samples. It further stated that earlier rulings under ...
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STD conducts inspections, enforcement drives to curb fake ITCs
State Taxes Department (STD) has taken strict measures to curb the menace of fake Input Tax Credit (ITC) by conducting inspections and enforcement drives across several districts of Jammu division.
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Why a GST cut alone may not be enough to lower insurance premiums
Finance Minister Nirmala Sitharaman on Monday (December 2) said the cost of insurance to the policy holder is expected to ...
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Mismatch between GSTR-3B & GSTR-1 Doesn’t Invoke Section 74 Without Fraud: Delhi HC
The court highlighted that Section 74 of the Central Goods and Services Tax Act (CGST Act), which deals with fraud, willful ...
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GST Crackdown: Fake Firms and ITC Evasion Uncovered
GST officials have unveiled a substantial ITC evasion network involving 17,818 fake firms amounting to Rs 35,132 crore from April to October. By intensifying actions through data analytics and ...
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Madras HC upholds state GST authorities' power to block ECL for errant firms
CHENNAI: In a significant verdict, the Madras High Court has upheld the authority of the State Goods and Services Tax (GST) ...
GoM's 35 per cent GST proposal raises concerns over impact on cigarettes, luxury cars
A Group of Ministers proposal for 35 per cent GST slab has triggered uncertainty over whether the rate is for sin goods such ...
Assocham seeks input tax credit on fitout services at managed workspaces
Assocham has urged the government to grant input tax credit (ITC) to managed workspace companies for fitout services provided ...
3.3L cr GST shared with T since 2017: Centre in LS
Since the implementation of GST in 2017, Telangana has garnered Rs 3.31 lakh crore in total GST revenue, highlighting significant growth over the years and ongoing reforms initiated by the Centre.