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29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore detected in a sustained drive against non-existent taxpayers by GST formations across the country since May 2023; 121 arrested To curb frauds in Goods and Services Tax (GST) and increase compliance, the GST formations, under the Central Board of Indirect Taxes and Customs (CBIC) and the State/UT Governments, across the country are carrying out a focused drive on the issue of non-existent / bogus regist
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FAQ :
A total of 29,273 bogus firms have been identified in the suspected Input Tax Credit (ITC) evasion scam.
The suspected Input Tax Credit (ITC) evasion amounts to Rs 44,015 crore.
So far, 121 individuals have been arrested in connection with these cases.
The drive has protected Rs 4,646 crore, with Rs 3,802 crore saved by blocking ITC and Rs 844 crore by way of recovery.
Measures include pilot projects for biometric-based Aadhaar authentication during registration and enhanced use of data analytics for detecting fake ITC.
In the quarter ending December 2023, 4,153 bogus firms were detected, involving suspected ITC evasion of around Rs 12,036 crore.
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