- DGGI has detected tax evasion of Rs 1.2 trillion using fake input tax credit since 2020
- 59,000 potential fake firms identified for verification
- 170 individuals involved in fraud apprehended
- Special drive launched to weed out fake registrations
- Revenue Secretary stressed importance of balance between enforcement actions and ease of doing business
- Recent changes in GST returns will aid in tackling evasion
- Enforcement units advised to focus on real evasion rather than interpretative issues
- Best practices and guidelines discussed for uniformity in action and ease of doing business.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- GSTN Adds “Pending” Option for Credit Notes and ITC Reversal Declaration in IMS from October 2025
- Flipkart Accused of Flouting Amended GST Rules on Transport Services, Faces Government Scrutiny
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
