Kanpur: A fake GST input tax credit (ITC) racket was exposed after the State Tax Department got an FIR registered against Umesh Kumar, operator of Sarvashri Kumar Enterprises, at Chakeri police station on Tuesday.The department alleged that the firm availed bogus ITC of Rs 1.15 crore by showing fake purchases and sales without carrying out…
Malay RayRourkela: The Directorate General of GST Intelligence (DGGI), Rourkela regional unit, has unearthed a Rs 50 crore fake input tax credit (ITC) racket involving the creation of bogus GST firms and issuance of invoices without actual supply of goods or services. The agency arrested the alleged mastermind, Pinku Parida (26) of Remed in Sambalpur…
Chief minister DK Shivakumar with finance department officials ahead of a review meeting at Vidhana Soudha Bengaluru: With an eye on Karnataka becoming the state with the highest GST growth this financial year, chief minister DK Shivakumar directed commercial taxes department officials to crack down on tax evasion while ensuring honest taxpayers are treated with…
Varanasi: Azamgarh police on Sunday busted an organised network of fake GST billing and tax evasion, causing revenue loss of Rs. 4.08 crore to state exchequer by creating fake GST bills through bogus firms. Police arrested three accused for illegally obtaining ITC benefits by registering bogus firms through forged documents, fake rent agreements and misuse…
GST scam, representational image Ludhiana: Central investigators have exposed a massive ₹3,089 crore financial fraud syndicate operating a complex network of phantom firms, fraudulent tax invoicing, and suspicious cash withdrawals.The Enforcement Directorate (ED) filed a first-information report (FIR) at the Jamalpur police station targeting masterminds Amit Kumar Goyal and his brother Manish Kumar, alongside accomplices…
Noida: Ten people involved in a cyber fraud racket were arrested in a joint operation by the Phase-3 police station and the cyber cell from Sector 121 in Noida on Thursday.The racket allegedly cheated people by offering fake lottery prizes through social media platforms. Police recovered 20 mobile phones, four debit cards and Rs 10,200…
Kanpur: An additional sessions court in Kanpur on Wednesday rejected the bail applications of two accused arrested in connection with a major cyber fraud and digital arrest racket allegedly involving forged GST firms and bank accounts used to launder illicit funds.Additional Sessions Judge Sapana Tripathi, presiding over Court No. 1, dismissed the bail pleas of…
Ahmedabad: A 76-year-old trader from Ahmedabad is fighting to clear his name after a trusted financial adviser allegedly turned his company into a front for tax evasion. For over two decades, the trader ran an industrial gas equipment business in Sarangpur peacefully till he received tax demand notices for over Rs 1.2 crore. His former…
GST scam, representational image Ludhiana: Police have registered FIRs against nine firms and their proprietors for allegedly using forged documents and fabricated data to secure fake GST registrations.The action follows an extensive audit by state tax officials, who uncovered a systemic network of businesses claiming fraudulent Input Tax Credit (ITC) via fake invoices. Authorities confirm…
FIR (First Information Report) Pune: A tax consultant from Palghar allegedly duped his distant relative from Junnar to the tune of Rs45 lakh by failing to pay GST (goods and services tax) on his behalf between 2023 and 2025. The Junnar-based soybean trader lodged a complaint with the local police on Friday.An officer from the…
