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CGST Zones and Directorate General of GST Intelligence booked about 8000 cases involving fake ITC of over Rs. 35000 crore in FY 2020-21 Misuse of the beneficial provision of Input Tax Credit (ITC) under GST regime is the most common modus of evasion under the GST Law. The field formations of the
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FAQ :
Approximately 8000 cases involving fake ITC were booked in the financial year 2020-21.
The total value of fake ITC involved in these cases exceeded £35,000 crore.
During the financial year, 426 individuals were arrested, including 14 professionals like CAs and lawyers.
Yes, a nationwide special drive against fake GST invoices was launched on 9th November 2020 and is still continuing, having recently gained momentum.
GST officials are utilising advanced IT tools, digital evidence, and information from other government departments to apprehend fraudsters.
Yes, notable cases include a £214 crore fraud involving fake rental agreements and electricity bills, a £115 crore mastermind operating fake firms, a £300 crore case in Surat, and a £91 crore network of 23 entities in Delhi.
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