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CBI arrests 2 CGST officials from Patna for corruption
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CBI arrests two officials of CGST in bribery case, conducts searches at their premises
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Fake GST ITC of Over Rs35,000 crore in Just 8,000 Cases in FY2021; DGGI Books Offenders
IANS
14 July 2021
The big crackdown on fake GST input tax credit (ITC) filers launched by tax sleuths over the last couple of years has provided rich dividends with the CGST zones and the Directorate General of GST Intelligence (DGGI) booking about 8,000 cases of fraud involving fake input tax credit (ITC) of over Rs 35,000 crore in FY21.
Misuse of the beneficial provisions of ITC under the GST regime is the most common modus of evasion under the GST Law. The field formations of the Central Board of Indirect taxes and Customs (CBIC) have been regularly detecting such cases from the very beginning of the GST regime. But the success rate has improved over last couple of years.
GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 people
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Last Updated: Jul 14, 2021, 09:49 AM IST
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Synopsis
During 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested.
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In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake
ITC of over Rs 35,000 crore, a statement from CBIC said.
GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 persons
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