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GST Evasion: Latest News & Updates - TaxGyata

Education9/6/2021 191 views
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GST Evasion: Latest News & Updates - TaxGyata

Description

Find recent tax evasion cases in GST. Availing the fake input tax credit via bogus firms is the most common method of tax evasion under Goods and Services Tax. Acting upon a specific intelligence, the Officers of Directorate General of GST Intelligence (DGGI), Meerut Zonal Unit have busted a fake billing racket involved in creating numerous fictitious firms for fraudulent passing on of ITC on the strength of fake invoices without a supply of any actual goods.