Delhi Police EOW is probing Rs 374 crore GST fraud after identity documents were misused to create fake firms and show bogus transactions without victims' knowledge.
A Customs inspector in Ahmedabad has been arrested by the Directorate of Revenue Intelligence for allegedly facilitating a crores-worth IGST and cess refund fraud using fake energy drink exports and fictitious firms.
The Finance Bill is expected to introduce five GST law amendments, including changes to post-sale discounts, intermediary services, IDS refunds and low-value export refunds to ease compliance.
CGST Delhi South Commissionerate arrested two persons for fraudulent availment of Rs 8.52 crore ITC using bogus invoices worth Rs 199.90 crore.
Ahead of the Union Budget 2026-27, India's estimated $433.8 billion oil and gas industry has stepped up its demands for tax relief and fiscal support, urging the government to address long-standing taxation and regulatory challenges that continue to
The withdrawal of GST input tax credit is expected to pressure life insurers’ VNB margins in Q3FY26, while strong premium growth and healthy investment income may support general insurers, analysts said.
Two men from Delhi have been arrested for allegedly evading Rs 25 crore in GST by floating fake firms and generating bogus invoices and e-way bills. Cyber police are investigating the case.
GST 2.0 marks a reset of India’s indirect tax system by simplifying rates, tightening compliance and speeding up dispute resolution, says Guntur Audit Commissioner Anand Kumar.
CBIC has warned taxpayers about fake GST notices and summons being sent by fraudsters. Businesses are advised to verify DIN on the CBIC portal and report fraud immediately.
India's e-way bill generation rose 23.6% YoY to a record 138.39 million in December, GSTN data shows, reflecting GST 2.0 reforms and stronger consumption.
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