Taxman s Data War
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers
Illustration by Nilanjan Das
Last year, a businessman from Rajkot, Gujarat, declared an income of less than Rs 5 lakh in his tax return. However, information collated by the Income Tax (I-T) Department showed he had deposited Rs 10 crore - and withdrawn Rs 7.5 crore - in cash during the year. The department sent him six notices, a dozen SMS alerts and tried every means to contact him. He remained elusive, forcing it to raid the business premises mentioned in the I-T return. It was a wrong address. I-T officials took the home address from his bank, but he was missing from there. It is now in the process of attaching his bank account and other assets.
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Highlights
The officers of CGST Commissionerate, Delhi East have held a man for the Input Tax Credit fraud of Rs 38.91 crore.
The investigation revealed that the multilayered network was being operated by him.
He has also confessed to having created a fake firm in his own name.
New Delhi: The officers of the Central Goods and Service Tax (CGST) Commissionerate, Delhi East have arrested a man for the Input Tax Credit (ITC) fraud of Rs 38.91 crore.
In the ongoing drive to counter the menace of fake billing operators, information from analytics tool NETRA (Network Exploration Tool for Revenue Augmentation), was developed by the officers of CGST Commissionerate, Delhi East to unearth a network of fictitious firms used to generate and pass on fake ITC of GST.
Man held for input tax credit fraud of Rs 38.91 crore in Delhi
NEW DELHI: In the ongoing drive to counter the fake billing operations, the Central Goods and Service Tax (CGST) Commissionerate arrested an accused for creating a network of 38 fictitious firms to generate and pass fake Input Tax Credit (ITC) of Goods and Service Tax (GST) amounting to Rs 38.91 Crore.
“Information from analytics tool NETRA (Network Exploration Tool for Revenue Augmentation), was developed by the officers of CGST commissionerate, Delhi East to unearth a network of fictitious firms used to generate and pass on fake ITC of GST,” said an official release.
Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi The investigation revealed that the multilayered network was being operated by one Nihaluddin who has confessed to having created a fake firm in his own name and also arranging ITC from 38 other fictitious firms.
Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi. (Representational)
New Delhi:
In the ongoing drive to counter the fake billing operations, the Central Goods and Service Tax (CGST) Commissionerate arrested an accused for creating a network of 38 fictitious firms to generate and pass fake Input Tax Credit (ITC) of Goods and Service Tax (GST) amounting to Rs 38.91 Crore.