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Ludhiana: Man, nephew arrested over ₹282-cr fake billing scam

The Directorate General of GST Intelligence said the accused allegedly issued fake invoices worth ₹282.96 crores to fraudulently pass ineligible input tax credit (ITC) worth ₹42.98 crores through 26 firms operated by them

According to DGGI officials, the firms were engaged in trading iron and steel scrap, TMT bars and cardboard scrap, among other materials (HT File)

cities

Published on Mar 07, 2025 07:28 AM IST

ByHT Correspondent, Ludhiana

CGST Mumbai Zone busts ₹140 cr fake GST invoice racket

Thane CGST officers busted a ₹140 crore fake GST invoice racket led by Mahamad Sultan Kapadiya, who created 18 dummy firms for fraudulent ITC claims.

CGST Mumbai Zone busts <span class='webrupee'>₹</span>140 cr fake GST invoice racket

cities

Published on Feb 13, 2025 06:46 AM IST

ByHT orrespondent

DGGI Pune uncovers ₹1,196 cr GST fraud involving multiple private firms

The investigation, involving searches at multiple locations in Pune, Delhi, Noida and Muzaffarnagar, has revealed a sophisticated network of bogus companies engaged in fraudulent Input Tax Credit (ITC) transactions

The arrested individual, the director of a private limited firm in Muzaffarnagar, is identified as the mastermind behind the operation. (REPRESENTATIVE PIC)

cities

Published on Feb 13, 2025 05:30 AM IST

ByHT Correspondent

Input tax credit: GSTR-2B statement delayed by 2 days, use recompute option

This is because the deadline for filing GSTR-1 was extended by 2 days from the original January 11 to January 13.

The draft GSTR-2B form will be automatically generated on January 16, 2025.(iStockphoto)

business

Published on Jan 15, 2025 03:15 PM IST

ByHT News Desk

How will sale of used cars will be taxed under new GST rules? A simple guide

The GST Council has recommended an increased 18% tax rate on used car sales of electric vehicles (EVs), along with specified petrol and diesel cars

Cars which have a lower engine capacity and also a lower length as mentioned in the provisions will be taxed only at 12% GST which is the current rate.(Representational Image/Pixabay)

business

Updated on Dec 26, 2024 10:57 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Ludhiana: GST dept unearths billing scam worth ₹163 cr, 2 arrested

State finance minister Harpal Singh Cheema said the investigation found that the firm was operating a web of fictitious firms, creating fake Input Tax Credit (ITC) and defrauding the state exchequer

Two brothers, who are partners of the accused firm, have been arrested in connection with the matter. (HT File)

cities

Published on Dec 13, 2024 10:47 PM IST

ByHT Correspondent, Ludhiana

Key accused behind ₹200-cr billing scam arrested: DGGI

According to allegations, Satveer Singh Sekhon was rinvolved in wrongful availment and utilisation of input tax credit worth ₹30.52 crore without any actual supply of goods.

During search operations at Sekhon’s residential and official premises, authorities seized evidence, including a CPU, invoices, cheque books, passbooks of various accounts and diaries detailing the fraudulent activities, officials said.

cities

Published on Oct 12, 2024 10:34 PM IST

ByHT Correspondent, Ludhiana

Ludhiana: Two arrested in ₹700 crore fake GST billing scam

According to officials, the duo operated a complex network of dummy firms, passing on the fraudulently obtained ITC to intermediary companies.

The accused, identified as Manish and his brother Amit, residents of Gurmukh Singh Colony, Mandi Gobindgarh, were allegedly at the center of a fraudulent scheme involving the creation of fictitious firms through identity fraud. (HT File)

cities

Published on Oct 10, 2024 10:48 PM IST

ByHT Correspondent, Ludhiana

ED to probe ‘larger conspiracy’ in GST case involving Gujarat journalist

The Enforcement Directorate (ED) has decided to launch a money laundering probe as it wants to investigate a “larger conspiracy” in the matter.

india news

Updated on Oct 10, 2024 06:50 AM IST

ByHT Correspondent

Noida: Three more gang members held in ₹10K-cr GST fraud

The suspects allegedly created at least 100 fake firms in the last two years to generate fake invoices and avail input tax credit on them

On June 1, 2023, the Noida police had claimed to have busted a gang suspected of orchestrating a <span class='webrupee'>₹</span>10,000 crore GST fraud, and the gang’s operation involved registering thousands of companies under stolen or fake identities. (HT Photo)

cities

Updated on May 19, 2024 06:28 AM IST

ByAshni Dhaor, Noida

Three held for GST fraud, luxury cars, including a Maserati, recovered

During interrogation, the suspects claimed that they bought luxury vehicles because these would not be readily stopped by police for checking

Six luxury cars, <span class='webrupee'>₹</span>1.41 lakh cash, seven mobile phones and one tablet have been recovered from the suspects, police said. (Sunil Ghosh/HT Photo)

cities

Updated on May 02, 2024 06:16 AM IST

ByAshni Dhaor, Noida

Delhi businessman arrested in ₹10,000 crore GST fraud case

Sector 20 police arrested Gupta from his residence in Tilak Nagar on Wednesday. He used the bogus companies to raise e-way bills and avail of ITC from the government. The police have seized ₹24 crore from his bank account

Non-bailable warrants has been issued against the seven masterminds, whose names have come to light during investigation into the bogus firms. They are identified as Sanjay Dhingra, Kanika Dhingra, Mayank Dhingra, Mayur Nagpal, Charu Nagpal, Punit Bhardwaj and Sanjay Gard, all residents of Delhi, (AFP/representational image)

cities

Updated on Apr 11, 2024 07:06 AM IST

ByHT Correspondent, Noida

Noida: Two ‘masterminds’ arrested in ₹10,000-crore GST fraud case

The two suspects are multimillionaires, owning metal and scrap factories. Over the last three years, they have caused huge loss to the government by availing of ITCs fraudulently

The two suspects in police custody. They were identified as Ajay Sharma (28) and Sanjay Jindal (38), both residents of Sonipat, Haryana.

cities

Updated on Mar 21, 2024 05:56 AM IST

ByAshni Dhaor, Noida

Noida police arrest prime suspect in ₹10,000 crore GST fraud

The suspect has been identified as Vikas Dabas, a resident of Mubarikpur in Delhi, said Shakti Avasthy, deputy commissioner of police (crime) who is leading the investigation into the case

Vikas Dabas had been evading police arrest by frequently changing his location across the country. On Monday, the police finally caught him when he visited his residence in Delhi. He was remanded in judicial custody on Tuesday (HT Photo)

cities

Published on Feb 27, 2024 10:20 PM IST

ByAshni Dhaor, Noida

₹10,000 crore GST fraud: Assets worth ₹5 crore of two suspects attached

So far, the police have arrested 29 suspects in connection with the case and exposed 2,660 bogus companies during the investigation

The fraud was unearthed after a Noida resident and editor of a media firm located in Sector 16 submitted a complaint regarding an identity fraud on his PAN card at the Sector 20 police station on May 10 (AFP/representational image)

cities

Updated on Feb 23, 2024 05:52 AM IST

ByHT Correspondent, Noida

Detected GST evasion of ₹57,000 crore since April 2020: Finance ministry

The statement said DGGI has laid special emphasis to identify and apprehend the masterminds and disrupting syndicates operating across the country

Detected GST evasion of <span class='webrupee'>₹</span>57,000 crore since April 2020: finance ministry

india news

Updated on Oct 18, 2023 09:56 PM IST

ByHT Correspondent

Govt to launch a special 2-month nationwide drive against GST frauds from May 16

A special all-India drive will be launched by all central and state tax administrations during May 16-July 15 to detect suspicious or fake GST identification numbers

Unscrupulous elements have obtained fake registrations using forged documents such as electricity bills, property tax receipts, rent agreements as proof of principal place of business (File Photo)

business

Updated on May 05, 2023 10:40 PM IST

ByRajeev Jayaswal

Mandatory 1% GST payment not to affect small companies: Official

According to a statement issued by the GST Council Secretariat on December 23, the government took several measures to curb fraudulent claims of input tax credit through fake invoices. One of the measures was mandatory 1% GST payment by those who show unusual large turnovers

The new rule said the registered person should not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99% of tax liability, in cases where the value of taxable supply in a month would exceeds Rs 50 lakh.(PTI FILE)

business

Published on Dec 26, 2020 02:37 PM IST

New Delhi, Hindustan Times | ByRajeev Jayaswal

HC refuses pre-arrest bail to trader booked for claiming fraudulent input tax credit of Rs 63.50 cr

Justice Sandeep Shinde rejected the pre-arrest bail plea of Ashok Kumar Chandrapal Singh, a partner in M/s. Sheela Sales Corporation.

Singh and his wife had moved the high court for anticipatory bail apprehending arrest in connection with the fraud(HT Photo)

india news

Updated on Aug 19, 2020 02:24 PM IST

Hindustan Times, Mumbai | ByKanchan Chaudhari

Chandigarh excise department exploring options to make arrests under GST Act

The department’s move comes in the aftermath of the delay in registration of five FIR in the ₹70 crore bogus GST bill scam by the police

cities

Published on Dec 11, 2019 12:54 AM IST

Munieshwar A Sagar, Chandigarh | ByMunieshwer A Sagar, Chandigarh

CGST falls short of budget estimate by 40 % in April-November

The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for these months, Minister of State for Finance Anurag Singh Thakur said in a written reply in Lok Sabha on Monday.

The Central GST collection fell short of the budged estimate by nearly 40 per cent during the April-November period of 2019-20(PTI)

business

Updated on Dec 10, 2019 07:23 AM IST

New Delhi | ByIndo Asian News Service

GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs

Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus additional cess of 12 per cent as against the current rate of 18 per cent.

The all-powerful GST Council on Friday more than doubled the tax on caffeinated beverages to 40 per cent and slashed the rate on hotel room tariffs.(ANI Photo)

business

Updated on Jul 02, 2020 02:43 PM IST

Hindustan Times, Panaji | ByGerard de Souza

‘Biggest’ nationwide joint operation exposes exporters claiming bogus refunds

Some exporters were exporting goods out of India on payment of IGST, done almost entirely out of the Input Tax Credit availed on the basis of “ineligible/fake” supplies and claiming it as refund on export.

A nationwide operation spanning 15 states and 336 locations was conducted on exporters fraudulently claiming input tax credit under the GST regime(AFP File Photo)

business

Updated on Sep 12, 2019 10:30 PM IST

Hindustan Times, New Delhi | ByHT Correspondent

Central GST arrests three businessmen in fake invoice case

The officials said further investigation in the matter is in progress and more people involved in the case will be arrested soon.

Sanjay Mangal, commissioner, central GST-Gurugram, said they have arrested Anil Kumar of Hisar, Bhikaram of Delhi and Kuldeep Sharma of Sonepat.(Hindustan Times)

cities

Updated on Jul 25, 2019 03:32 AM IST

Gurugram | ByLeena Dhankhar

Revised GST for under-construction flats explained

The new rates came into force from April 1 after the GST Council in March approved the proposal in this regard with a view to boosting demand in real estate sector.

The new rates are applicable to all projects which commenced on or after April 1, 2019 as well as for on-going projects(Sunil Ghosh / Hindustan Times)

cities

Published on May 26, 2019 10:21 AM IST

Hindustan Times, Lucknow | ByHT Correspondent

Realty players need to make the big decision on GST rates

For the ongoing projects, builders have to decide either to continue with 12 % GST slab with ITC (8 % for affordable housing) or opt for 5% GST rate (1 % for affordable housing) without ITC.

GST on construction service relating to residential and related commercial apartments has gone through a sea change.(Digpu)

brand post

Updated on May 16, 2019 01:22 PM IST

ByHT Correspondent

Quicker one-form GST filing process ready for roll-out

That move was delayed while the back-end, the GST network (GSTN), was being made ready for this. Now, government officials directly familiar with the matter say the simplified form is ready, and could be launched by July, soon after the new government takes over.

The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will simplify the process of filing returns and also getting input tax credit.(Arun Sharma/HT File PHOTO)

india news

Updated on May 16, 2019 10:40 AM IST

Hindustan Times, New Delhi | ByRajeev Jayaswal

GST on real estate: What it means for the homebuyer

In case you see a change in real estate pricing, it is largely due to the GST reduction that happened in February this year and also depends on the market environment.

According to real estate experts, at the moment developers don’t have scope to move prices upward.(HT FIle Photo)

business

Published on Mar 25, 2019 10:07 AM IST

Hindustan Times, Mumbai | ByVivina Vishwanathan, Mumbai

Govt detects ₹20,000 cr GST evasion in April-Feb FY’19

The earlier GST rate on under-construction apartments and affordable housing was 12 per cent and eight per cent with input tax credit (ITC), respectively.

New Delhi, India - Dec. 1, 2016: New 2000 rupee currency note. (Photo by Sonu Mehta/ Hindustan Times)(Sonu Mehta/HT PHOTO)

business

Updated on Feb 27, 2019 06:20 PM IST

Press Trust of India | ByPress Trust of India

Man arrested for ₹110-crore GST fraud near Mumbai, search for aide on

The 40-year-old accused allegedly issued fake invoice of more than ₹650 crore and availed input tax credit of ₹110 crore, without the actual supply of goods

According to officials, this is one of the biggest GST frauds detected in recent times(Representational photo)

cities

Updated on Feb 25, 2019 01:01 AM IST

Hindustan Times | ByPratik Salunke, Mumbai

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input tax credit news

Latest from input tax credit

The Directorate General of GST Intelligence said the accused allegedly issued fake invoices worth ₹282.96 crores to fraudulently pass ineligible input tax credit (ITC) worth ₹42.98 crores through 26 firms operated by them

Thane CGST officers busted a ₹140 crore fake GST invoice racket led by Mahamad Sultan Kapadiya, who created 18 dummy firms for fraudulent ITC claims.

The investigation, involving searches at multiple locations in Pune, Delhi, Noida and Muzaffarnagar, has revealed a sophisticated network of bogus companies engaged in fraudulent Input Tax Credit (ITC) transactions

This is because the deadline for filing GSTR-1 was extended by 2 days from the original January 11 to January 13.

The GST Council has recommended an increased 18% tax rate on used car sales of electric vehicles (EVs), along with specified petrol and diesel cars

State finance minister Harpal Singh Cheema said the investigation found that the firm was operating a web of fictitious firms, creating fake Input Tax Credit (ITC) and defrauding the state exchequer

According to allegations, Satveer Singh Sekhon was rinvolved in wrongful availment and utilisation of input tax credit worth ₹30.52 crore without any actual supply of goods.

According to officials, the duo operated a complex network of dummy firms, passing on the fraudulently obtained ITC to intermediary companies.

The Enforcement Directorate (ED) has decided to launch a money laundering probe as it wants to investigate a “larger conspiracy” in the matter.

The suspects allegedly created at least 100 fake firms in the last two years to generate fake invoices and avail input tax credit on them

During interrogation, the suspects claimed that they bought luxury vehicles because these would not be readily stopped by police for checking

Sector 20 police arrested Gupta from his residence in Tilak Nagar on Wednesday. He used the bogus companies to raise e-way bills and avail of ITC from the government. The police have seized ₹24 crore from his bank account

The two suspects are multimillionaires, owning metal and scrap factories. Over the last three years, they have caused huge loss to the government by availing of ITCs fraudulently

The suspect has been identified as Vikas Dabas, a resident of Mubarikpur in Delhi, said Shakti Avasthy, deputy commissioner of police (crime) who is leading the investigation into the case

So far, the police have arrested 29 suspects in connection with the case and exposed 2,660 bogus companies during the investigation

The statement said DGGI has laid special emphasis to identify and apprehend the masterminds and disrupting syndicates operating across the country

A special all-India drive will be launched by all central and state tax administrations during May 16-July 15 to detect suspicious or fake GST identification numbers

According to a statement issued by the GST Council Secretariat on December 23, the government took several measures to curb fraudulent claims of input tax credit through fake invoices. One of the measures was mandatory 1% GST payment by those who show unusual large turnovers

Justice Sandeep Shinde rejected the pre-arrest bail plea of Ashok Kumar Chandrapal Singh, a partner in M/s. Sheela Sales Corporation.

The department’s move comes in the aftermath of the delay in registration of five FIR in the ₹70 crore bogus GST bill scam by the police

The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for these months, Minister of State for Finance Anurag Singh Thakur said in a written reply in Lok Sabha on Monday.

Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus additional cess of 12 per cent as against the current rate of 18 per cent.

Some exporters were exporting goods out of India on payment of IGST, done almost entirely out of the Input Tax Credit availed on the basis of “ineligible/fake” supplies and claiming it as refund on export.

The officials said further investigation in the matter is in progress and more people involved in the case will be arrested soon.

The new rates came into force from April 1 after the GST Council in March approved the proposal in this regard with a view to boosting demand in real estate sector.

For the ongoing projects, builders have to decide either to continue with 12 % GST slab with ITC (8 % for affordable housing) or opt for 5% GST rate (1 % for affordable housing) without ITC.

That move was delayed while the back-end, the GST network (GSTN), was being made ready for this. Now, government officials directly familiar with the matter say the simplified form is ready, and could be launched by July, soon after the new government takes over.

In case you see a change in real estate pricing, it is largely due to the GST reduction that happened in February this year and also depends on the market environment.

The earlier GST rate on under-construction apartments and affordable housing was 12 per cent and eight per cent with input tax credit (ITC), respectively.

The 40-year-old accused allegedly issued fake invoice of more than ₹650 crore and availed input tax credit of ₹110 crore, without the actual supply of goods

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