Tax Authorities in Ludhiana have arrested businessman who was running 14 firms in his and his family members’ names. He has done bogus billing amounting to Rs 252 crore to evade GST worth Rs 17.65 crore. A joint operation was conducted by three taxation authorities- central GST (CGST) commissionerate, state GST departmentand directorate general of GST intelligence (DGGI). The accused has been sent in judicial custody for 14 days. The officials used a high-tech Business Intelligence and Fraud Analytics (BIFA) tool. ludhiana CGST principal commissioner Ashutosh Baranwal said, “These firms had issued invoices without actual supply ofgoods worth Rs 252 crore involving a GST of Rs 17.65 crore. Recovery of Rs 1.23crore has already been made in this case.”
Our Newsletter
Keep up on our always evolving product features and technology. Enter your e-mail and subscribe to our newsletter.
Latest
GST on Services provided by Charitable trusts registered under section 12A of Income Tax Act, 1961
Swayam, In re
Ruling by: Authority for Advance Ruling,...
Association of Inner Wheel Clubs of India, In re [11/WBAAAR/2018]
Ruling by: Appellate Authority for Advance Ruling, West Bengal
Facts
The...
Popular
GST on Services provided by Charitable trusts registered under section 12A of Income Tax Act, 1961
Swayam, In re
Ruling by: Authority for Advance Ruling,...
Association of Inner Wheel Clubs of India, In re [11/WBAAAR/2018]
Ruling by: Appellate Authority for Advance Ruling, West Bengal
Facts
The...
© 2024 Gstindiaguide.com