A fake GST bill is generated by scammers to dupe businessmen and customers, even without any actual supply of goods or services or GST payment. It is basically generated for various fraudulent reasons ...
The IMS will ensure automatic reflection of invoices in relevant GST returns, allowing for real-time cross-verification of supplier data. The GST Council, in its upcoming meeting on December 21, is ...
In FY24, Directorate General of Revenue Intelligence detected Rs 21,000 crore worth of fake invoicing across country and made 113 arrests in this regard Shrawan Kumar (right), chief commissioner, CGST ...
In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies. The operation, ...
Finance Ministry on Sunday reported that over 29,000 fake firms were identified and over 44000 crores of GST tax evasion detected in a nationwide drive over 7 ½ months. The Ministry disclosed the ...
Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...
Businesses will have to quickly get prepared for the new invoice management system under the goods and services tax that will be introduced from October 1. The new functionality will help taxpayers ...
BELAGAVI: Acting on specific intelligence, officials of the Preventive Unit of Central GST, Belagavi Commissionerate, busted a fake GST invoice racket of Rs 132 crore, involving fake Input Tax Credit ...
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