Bombay High Court has urged the GST Council and the GST Network (GSTN) to provide for a regular mechanism for transfer of unutilised Input Tax Credit (ITC) from the electronic credit ledger of a ...
GST officers detect Rs 15,851 crore fake ITC claims in April-June; 3,558 bogus firms busted, 53 held
NEW DELHI: GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the ...
GST officers uncover Rs 15,851 crore fraudulent ITC claims in April-June, 3,558 fake firms uncovered
In the Q1 of FY25 , GST officers had detected Rs 12,304 crore fake ITC involving 3,840 fake firms. Rs 549 crore was recovered and 26 persons were arrested. (Photo source: Canva) GST officers have ...
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