GST revenue hits ₹1 tn for a fifth month
Data released by the finance ministry showed GST collections stood at ₹1.13 trillion in February
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Goods and services tax (GST) collections by the Centre and states exceeded the ₹1 trillion mark for the fifth straight month in February, aided by an aggressive drive to improve compliance and recovery in economic activities.
The sustained rise in GST collections, staging a recovery after a steep drop in April when India was in a national lockdown, offers relief to policymakers seeking to bridge a massive revenue shortfall.
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GST authorities arrest 12 more in ongoing crackdown on fake invoicing
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Last Updated: Feb 23, 2021, 08:57 PM IST
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Several such instances have been unearthed by the authorities earlier where chartered accountants have been involved in bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit or ITC without actual supplies of goods or services.
Among those arrested is a chartered accountant who was involved in running fake firms to issue fraudulent invoices.
The Directorate General of GST Intelligence and Central GST Commissionerates have arrested 12 persons in a single day in the ongoing drive against fake goods and service tax (GST) invoice frauds, revenue department sources said.
GST invoice fraud: 12 individuals, including CA, arrested for ITC scam
The arrested chartered accountant is Abhishek Singhal, who ran fake firms to issue fraudulent invoices; he is the tenth chartered accountant arrested so far over GST invoice fraud charges
Dipak Mondal | February 24, 2021 | Updated 00:05 IST
In the ongoing nationwide drive against frauds involving fake GST invoices, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates have arrested 12 persons in a single day, including a chartered accountant.
The arrested chartered accountant (CA) is Abhishek Singhal, who ran fake firms to issue fraudulent invoices, informed Revenue Department sources. He is the tenth chartered accountant arrested so far over charges of running bogus firms and/or issuance of fake invoices to fraudulently avail and pass on input tax credit (ITC) without actual supplies of goods or services.
GST authorities recover Rs 820 crore in 2,500 fake invoice frauds since mid-Nov
Eight chartered accountants have been arrested so far in fake invoice frauds; ICAI has been informed about these arrests and asked to take appropriate actions as per their own rules
BusinessToday.In | January 24, 2021 | Updated 22:25 IST
Another chartered accountant, along with his four business accomplices, was arrested in Jaipur on Saturday in relation to GST invoice frauds. The arrested were allegedly operating 25 fake firms to fraudulently avail and pass on input tax credit (ITC) through bogus invoices without actual supplies of goods or services.
With this arrest, eight chartered accountants have been arrested so far in fake GST invoice frauds since mid-November 2020, informed sources at Directorate General of GST Intelligence (DGGI). Till now, 258 persons have been arrested in the nationwide drive to curb such frauds.
»GST Authorities Arrest 215 Persons in Fake Invoice Cases, Recover Over Rs 700 Cr in 2 Months
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GST Authorities Arrest 215 Persons in Fake Invoice Cases, Recover Over Rs 700 Cr in 2 Months
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GST intelligence authorities have registered about 2,200 cases and unearthed more than 6,600 fake GSTIN entities during this period, sources said.
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The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates have recovered more than Rs 700 crore and arrested 215 persons in the last two months in cases related to fake GST invoices that were used to illegally avail or pass on input tax credit (ITC). GST intelligence authorities have registered about 2,200 cases and unearthed more than 6,600 fake GSTIN entities during this period, sources said.