GST Fraud: Rs 35,132 Crore ITC Evasion Detected, Over 17000 Fake Firms Exposed

Last updated: 11 December 2024


In a significant crackdown on Goods and Services Tax (GST) evasion, authorities have identified fraudulent Input Tax Credit (ITC) claims worth ₹35,132 crore, involving 17,818 fake firms, between April and October 2024. Minister of State for Finance, Pankaj Chaudhary, shared these details in a writte
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.



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