Author: admin_gst

Assessment order quashed for breach of natural justice; assessing officer must consider adjournment request before final assessment
Case-Laws
GST
The HC quashed the impugned assessment order dated 21.02.2025 and remanded the matter to the respondent for fresh consideration, finding multiple infirmities including breach of natural justice. The court held that the assessing officer failed to consider the petitioner's request for extension/adjournment before passing the assessment, thereby vitiating the proceedings; while an adjournment is not an absolute right, the officer is obliged to examine and either grant or refuse such application on the merits. Because the respondent proceeded without intimating whether the petitioner's request was considered, the assessment is set aside and the petition is disposed of by way of remand for fresh adjudication.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Appellate order set aside for breach of natural justice; matter remanded for de novo hearing and fresh adjudication
Case-Laws
GST
The HC set aside an impugned appellate order dated 28 September 2024 for breach of natural justice, holding that the appellant was not afforded an opportunity to be heard and was unable to adduce documents or have pleaded grounds of appeal considered. The HC remanded the matter to the State-Tax Additional Commissioner (Appeal), Santhal Pargana Division, Dumka, directing a de novo adjudication after affording the parties a full and fair hearing and considering materials produced. The HC emphasized that quasi-judicial authorities must observe principles of fairness and provide hearing where decisions may cause civil consequences. Petition disposed of by remand.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Amit Shah pitches for swadeshi goods during Diwali, says collective effort can make India ‘mahan’
GST
Dated:- 4-10-2025
PTI
Panaji, Oct 4 (PTI) Union Home Minister Amit Shah on Saturday urged people to celebrate Diwali with swadeshi spirit by promoting Indian products and shunning foreign goods, asserting that such a collective resolve by 140 crore citizens would make India “mahan” (supreme).
He was addressing a public meeting near Panaji after inaugurating various development projects, including the ambitious ‘Mhaje Ghar’ scheme of the Goa government to give ownership rights to people.
Chief Minister Pramod Sawant, Union minister and North Goa MP Shripad Naik and Rajya Sabha member Sadanand Shet Tanavade also attended the eve

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Haryana CM urges traders to pass GST benefits to consumers and promote indigenous products
GST
Dated:- 4-10-2025
PTI
Chandigarh, Oct 4 (PTI) Haryana Chief Minister Nayab Singh Saini on Saturday urged traders across the state to ensure that full benefits of the reduced GST rates are passed on to consumers.
He said that under the leadership of Prime Minister Narendra Modi, GST reforms have provided significant benefits to the people of India.
Saini called upon traders to actively participate in promoting the 'GST Bachat Utsav'.
He highlighted that this initiative will not only boost trade but also enable consumers to purchase essential items at lower prices.
Affordable prices, growing trade, and a strong economy are the co

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Saini urged traders to focus on the production and promotion of indigenous products.
He said that the prime minister is advancing the vision of a self-reliant India and emphasising the use of domestic products. GST reforms will play a crucial role in realising this vision.
By prioritising local goods, businesses can strengthen both the domestic industry and the state and nation's economy, he said.
Highlighting Haryana's consistent performance in GST collection, Saini said that the state's net SGST collection increased from Rs 18,910 crore in 2018-19 to Rs 39,743 crore in 2024-25.
This remarkable achievement reflects Haryana's strong economy and the support of its traders, he said.
Haryana has consistently remained the leading sta

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Section 6(1) CGST deems State/UT GST officers proper officers unless notification imposes conditions and permits intelligence-based Central action below Rs1cr
Case-Laws
GST
The HC dismissed the petitions and upheld the impugned proceedings. It held that Section 6(1) CGST creates automatic cross-empowerment: officers appointed under State/UT GST Acts are deemed proper officers for CGST unless the Government, on Council recommendation, issues a notification imposing conditions. No separate notification is required to confer basic jurisdiction; notifications only operate to subject that empowerment to conditions. Intelligence-based enforcement proceedings (including issuance of SCNs by Central officers) may be initiated even where amount involved is below Rs.1 crore, whereas audit/scrutiny-based proceedings remain with the tax authority to which the assessee is assigned. The permissibility of “bunching” SCNs across years was left open for adjudication; petitions lacked merit.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Seizure of crane quashed; interstate movement for contract work not supply, no IGST; Section 24 seizure invalid
Case-Laws
GST
HC quashed the seizure and ancillary orders and allowed the writ petition, holding that the interstate movement of the crane for execution of a works contract did not constitute a supply of goods or services and thus attracted no IGST. The court held Board circulars to be binding on authorities and, in absence of intent to evade tax, Section 24 principles did not permit seizure. Consequently the impugned seizure was invalid and the authorities are directed to release the goods forthwith upon production of a certified copy of the order. Costs not addressed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Dismissal Upheld: Consolidated Show-Cause Notices Valid for Multiple Years Where Input Tax Credit Fraud Alleged; Section 107 CGST
Case-Laws
GST
HC dismissed the petition and upheld that issuance of a consolidated show cause notice for multiple years is permissible where the primary allegation is fraudulent availment of input tax credit. The court recognized that the impugned order is appealable under Section 107, CGST Act, 2017, and disposed of the petition while granting the Petitioner liberty to file an appeal by 30 September 2025 subject to requisite pre-deposit(s). If the appeal is instituted within the stipulated period, the Appellate Authority is directed not to reject it on limitation grounds but to adjudicate the challenge on its merits. The petition is disposed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Advance ruling: product classed under tariff item 38089340 as plant growth regulator, attracts 18% integrated tax
Case-Laws
GST
AAAR affirmed that the product is classifiable under tariff item 38089340 as a plant growth regulator and attracts integrated tax at 18% (9% CGST + 9% SGST) under the referenced notification. The authority held that the appellant bears the onus of full disclosure in an advance ruling application and cannot rely on proprietary nondisclosure by its supplier to avoid that duty; alleged non-party status to prior disputes was immaterial, and submitted laboratory certificates undermined that claim. Challenges that the product is a fertilizer or a vegetable-origin enzyme were rejected for lack of probative evidence. The appellant's appeal is dismissed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Relief denied as GST dispute deemed contractual and non-justiciable here; pursue contractual or appellate remedies under CGST.
Case-Laws
GST
The HC dismissed the writ petition, holding the reliefs sought to be non-justiciable in this forum. The court found the disputed GST payment arose from contractual relations between the petitioner and the Department, thus constituting a contractual dispute unsuitable for resolution by writ. The petitioner remains free to pursue a refund or challenge the deduction through the appropriate contractual and appellate remedies; however, the tax authorities cannot be ordered to refund amounts lawfully assessed and collected as penalty/tax pursuant to statutory proceedings under the CGST framework. Consequently, there was no basis to direct restitution, interest, or departmental punishment in this writ, and the petition was dismissed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Writ allowed; composite DRC-07 assessment quashed, remanded for fresh hearings and separate SCNs for each tax period
Case-Laws
GST
The HC allowed the writ petition, holding that the impugned composite assessment order in Form GST DRC-07 dated 09.01.2025 and the corresponding summaries dated 17.01.2025 issued against the petitioner are set aside and the matters remanded to the 1st respondent for fresh adjudication after affording due opportunity of hearing. The Court clarified that electronically issued show-cause notices and summaries require digital authentication but, where an RFN indicates affixation of a digital signature, challenge on absence of physical/digital signature is negated. Further, issuing a common SCN or common order for multiple assessment periods is impermissible; separate SCNs, orders and summaries must be issued for each tax period.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

J&K govt rolls out GST 2.0 reforms, adopts 7-step consumer benefit protocol
GST
Dated:- 4-10-2025
PTI
Jammu, Oct 3 (PTI) Jammu and Kashmir government on Friday rolled out GST 2.0 reforms in the Union territory, bringing in major changes to rationalise the tax structure and ensure consumer welfare in line with the national reforms drive.
Effective September 22, GST has adopted a two-tier structure, with rates of 5 per cent and 18 per cent. The earlier tax slabs of 5, 12, 18, and 28 per cent have now been clubbed into the two rates mentioned above, resulting in a reduced price of 99 per cent of daily use items.
“The Government has commenced the implementation of next-generation GST reforms 2.0, effective from September 22, alig

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

sperson said.
Citizen support will be extended via GST Suvidha Kendras and helplines set up in every district, the official said, adding that the Suvidha Kendras will help taxpayers with GST 2.0 compliance, including return filing, code remapping, and grievance redressal.
The second step is awareness and capacity building, involving organising webinars, publishing brochures, and launching campaigns on radio and social media to spread knowledge about the changes and their benefits, the order said.
The third step, which covers monitoring and documentation, is aimed at collecting invoices and voluntary price declarations to document compliance and ensure that the reduced tax rates are accurately reflected in the market.
The fourth step

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Will approach courts if needed to secure stateÂ’s share of central grants: CM Siddaramaiah
GST
Dated:- 3-10-2025
PTI
Mysuru (Karnataka), Oct 3 (PTI) Karnataka Chief Minister Siddaramaiah on Friday said he would approach the courts if necessary to secure the stateÂ’s rightful share of central funds.
Speaking to reporters here, he also slammed the Centre for celebrating rationalisation of Goods and Services Taxes (GST), saying there was little to celebrate after eight years of introduction of GST in the country.
Commenting on the Centre refund of Rs 3,200 crore, Siddaramaiah said, “UP is getting 17 to 18 per cent of the central grant while we are getting only 3.5 per cent. Is this justified? We are asking them (Centre) to rectif

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

rore for peripheral ring road around Bengaluru and Rs 5,400 crore for upper Bhadra scheme were also denied to us. Isn’t this intentional?” he asked.
Siddaramaiah added that Karnataka was supposed to receive Rs 11,490 crore along with an additional Rs 5,000 crore, which has not been released.
Asked whether the state would take legal action, he said, “If needed, we will go to court to get the money.” Regarding the ‘GST Utsav’ being organised by the BJP leaders, Siddaramaiah said the central government introduced the GST in 2017 and fixed the tax rates but after eight years, it rationalised the taxes.
“After rationalisation, will the Centre refund whatever tax it had collected in the last eight years? What is there to pat in the back?” h

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Tax authority withdraws circular prescribing evidence procedure under Section 15(3)(b)(ii) CGST Act; suppliers no longer required to comply
Circulars
GST
The tax authority withdraws its prior circular dated 26 June 2024 that had prescribed a procedure for suppliers to provide evidence of compliance with Section 15(3)(b)(ii) of the CGST Act concerning reversal of input tax credit for discounts; the withdrawn procedure is no longer required. Field formations are directed to publicize the withdrawal via trade notices and to report any implementation difficulties to the authority.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Monetary Policy Statement, 2025-26 Resolution of the Monetary Policy Committee September 29 to October 1, 2025
GST
Dated:- 3-10-2025

Monetary Policy Decisions
The Monetary Policy Committee (MPC) held its 57th meeting from September 29 to October 1, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.
2. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.50 per cent; consequently, the standing deposit facility (SDF) rate remains at 5.25 per cent while the marginal standing facility (MSF) rate and the Bank Rate remains at 5.75 per cent. The MPC also decided to continue with the neutral stance.
Growth and Inflation Outlook
3. Th

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ndicators suggest that economic activity continues to remain resilient. Rural demand remains strong, riding on a good monsoon and robust agriculture activity, while urban demand is showing a gradual revival. Revenue expenditure of the Union and State Governments registered robust growth during the fiscal year so far (April-July). Investment activity, as suggested by healthy growth in construction indicators i.e., cement production and steel consumption in July-August, is holding up well even though production and import of capital goods witnessed some moderation. Recovery in manufacturing sector continues while services activity is sustaining its momentum.
5. Looking ahead, an above normal monsoon, good progress of kharif sowing and adequate reservoir levels have further brightened prospects of agriculture and rural demand. Buoyancy in services sector coupled with steady employment conditions are supportive of demand, which is expected to get a further boost from the rationalisation o

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

fore rising to 2.1 per cent in August – its first increase after nine months. Benign inflation conditions during 2025-26 so far have been primarily driven by a sharp decline in food inflation from its peak of October 2024. Inflation within the fuel group moved in a narrow range of 2.4-2.7 per cent during June-August. Core inflation remained largely contained at 4.2 per cent in August. Excluding precious metals, core inflation was at 3.0 per cent in August.
7. In terms of the inflation outlook for H2: 2025-26, healthy progress of the south-west monsoon, higher kharif sowing, adequate reservoir levels and comfortable buffer stock of foodgrains should keep food prices benign. The recently implemented GST rate rationalisation would lead to a reduction in prices of several items in the CPI basket. Overall, the inflation outcome is likely to be softer than what was projected in the August MPC resolution, primarily on account of the GST rate cuts and benign food prices. Despite the anticipat

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

9. Growth outlook remains resilient supported by domestic drivers, despite weak external demand. It is likely to get further support from a favourable monsoon, lower inflation, monetary easing and the salubrious impact of recent GST reforms. However, growth continues to be below our aspirations. Even though the growth projection for the financial year 2025-26 is being revised upwards, the forward-looking projections for Q3 and beyond are expected to be slightly lower than projected earlier, primarily due to tariff-related developments, despite being partially offset by the impetus provided by the rationalisation of GST rates.
10. To summarize, there has been a significant moderation in inflation. Moreover, the prevailing global uncertainties and tariff related developments are likely to decelerate growth in H2:2025-26 and beyond. The current macroeconomic conditions and the outlook has opened up policy space for further supporting growth. However, the MPC noted that the impact of the

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Gross and Net GST revenue collections for the month of Sep, 2025
GST
Dated:- 3-10-2025

Please click on the link below to view the gross and net GST revenue collections for the month of September, 2025.
News – Press release – PIB

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Residential rental services fall under Entry No.12 N/N.12 (2017); Article 265 bars tax without law; refund under Section 54 directed
Case-Laws
GST
The HC allowed the petition: holding that services by way of renting of residential dwellings fall under Entry No.12 of Exemption N/N.12 (2017), and that Article 265 precludes tax collection without authority of law, the Court found the petitioner paid GST under invoices though no tax was legally exigible. The Court set aside the impugned deficiency memos and directed the respondents to consider the petitioner's refund application under Section 54, CGST Act, without adjudicating limitation, and to pass appropriate orders within four weeks of receipt of the order. Petition allowed; respondents to process refund claim accordingly.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Portal activation ordered to enable GST pre-deposit; impugned order stayed for up to six weeks pending access
Case-Laws
GST
The HC, in a writ petition challenging the petitioner's inability to make a pre-deposit due to an “inactive” GST portal, added the necessary party as an added respondent and directed activation of the petitioner's portal within four weeks from date. The court held that continuation of the petition served no useful purpose pending activation and therefore stayed the impugned order dated 17 January 2025 for six weeks, or for two weeks after portal activation, whichever is later, provided such injunction shall not extend beyond 30 November 2025. The writ petition is disposed of on these terms, with the petitioner's right to access the portal restored subject to the specified timelines.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Writ dismissed as alternative statutory remedy exists; appeal under Section 107 allowed if pre-deposit made by deadline
Case-Laws
GST
HC dismissed the writ petition as not maintainable insofar as an alternative statutory remedy exists and the impugned order is appealable under Section 107. The court noted material suggesting the petitioner's GST registration was recent and that the entity may have been constituted to fraudulently avail ineligible input tax credit via fake, non-existent suppliers; business operations ceased following the petitioner's arrest. The petitioner's reply to the show-cause notice was found unpersuasive. Although the petition was filed within the limitation period, the period for appeal has lapsed; accordingly the HC permitted the petitioner to institute the statutory appeal by 15 December 2025 subject to depositing the requisite pre-deposit, and disposed of the petition.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Petitioner entitled to compensatory interest under s.56 where refund delayed beyond s.54(5); respondents must pay within 12 weeks
Case-Laws
GST
The HC allowed the petition and directed Respondent Nos. 2 and 3 to pay interest on the delayed refund to the petitioner, holding that technical system defects, not any fault of the petitioner in filing the shipping bills or GST returns, caused the delay. The court found section 56 of the GST Act mandates compensatory interest where a refund is not granted within the statutory period under section 54(5), and therefore interest accrues from the relevant statutory date. The respondents were ordered to compute and disburse the interest in accordance with law within 12 weeks from receipt of the order, and the petition was allowed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Registration cancellation stayed; petitioner allowed eight weeks to file pending GST returns and deposit substantial tax (Section 29(2))
Case-Laws
GST
HC permitted the petitioner, whose registration certificate and SCN had been cancelled for non-filing of returns for six continuous months, to file all pending returns within eight weeks, noting deposit of substantial outstanding tax with interest and fees. The petitioner must execute an undertaking to comply with the GST Act and Rules and to file returns punctually; failure will result in automatic cancellation of registration. The respondents are directed to suspend the cancellation, consider the returns filed, and, if found in accordance with law, require payment of any remaining dues; upon payment as directed, the cancellation order shall be revoked. Petition is disposed of.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Refund of IGST under Entry No.10 of N/N.10/2017-IGST granted with interest; authorities to reassess and pay within 12 weeks
Case-Laws
GST
The HC quashed and set aside the impugned order denying the petitioner's refund claim for IGST paid under Entry No.10 of N/N.10/2017-IGST, directing respondent authorities to pass a fresh de novo order granting refund of the IGST paid, with appropriate interest, in light of the Apex Court's ruling declaring the notification unconstitutional. The HC noted respondent verification of credit reversal through Form GST DRC-03 and found the reversal appropriate. The respondents are ordered to complete the reassessment and sanction the refund within 12 weeks from receipt of this order. The petition is disposed of.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Writ dismissed under s.107; GST penalty and cancellation to be challenged on appeal; delay condoned if filed within 14 days
Case-Laws
GST
The HC dismissed the petition challenging the GST MOV-11 order confirming penalty and fine and cancellation of GST registration, holding it will not entertain the writ in view of an alternative efficacious statutory remedy under s.107 of the GST Act. The court declined to adjudicate merits regarding alleged bogus transactions, fake tax invoices, E-way bills and purported non-existence at the registered address, and relegated the petitioner to pursue the appellate remedy. The HC made no adjudication on merits, but held that the period already elapsed shall be treated as bona fide for condonation of delay if the petitioner institutes an appeal before the appellate authority within two weeks.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Punjab records 22 pc growth in GST collection in first half of FY26
GST
Dated:- 2-10-2025
PTI
Chandigarh, Oct 2 (PTI) Punjab has registered a 22.35 per cent rise in Goods and Services Tax (GST) collection to Rs 13,971 crore during April-September this fiscal year, the state's Finance Minister Harpal Singh Cheema said on Thursday.
The state had collected Rs 11,418 crore in GST a year ago.
In a statement, Cheema said over the first six months of this financial year, the state has recorded a gross GST revenue growth of Rs 2,553 crore compared to the corresponding period last year.
He said the state's year-on-year GST growth rate has risen from just 5 per cent in the first half of 2024-25 to an impressive 22.35 per cent in 2025-2

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ing an increase of Rs 197.82 crore and a growth rate of 10 per cent,” he added.
The excise and taxation minister said his department significantly intensified its enforcement actions against tax evasion from April to September 2025.
During this period, Rs 246 crore of ineligible Input Tax Credit (ITC) was blocked for 1,162 taxpayers.
Furthermore, four major FIRs were lodged against fraudulent networks, including scams of Rs 500 crore in Ludhiana and Rs 550 crore in Fatehgarh Sahib.
“Penalty collections from road checking and inspections by the State Intelligence and Preventive Units (SIPUs) surged sharply, rising from Rs 106.36 crore in April-September 2024 to Rs 355.72 crore in April-September 2025,” said the minister.
“This increase

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

Central bank lifts FY26 growth forecast to 6.8% and cuts CPI inflation projection to 2.6% amid strong monsoon
News
GST
The central bank revised its FY26 real GDP forecast up to 6.8% and lowered the CPI inflation projection to 2.6%, citing an above-normal monsoon and GST rate rationalisation that should temper inflation while supporting consumption and growth; it noted US tariffs may constrain exports. Quarterly growth is projected at 7.0% (Q2), 6.4% (Q3), and 6.2% (Q4), with Q1 FY27 estimated at 6.4%. Quarterly CPI projections are 1.8% (Q2), 1.8% (Q3) and 4.0% (Q4), with Q1 FY27 at 4.5%; core inflation remains contained.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =

ED attaches Rs 15.41 crore properties in GST input tax credit fraud probe under PMLA; alleged 794 crore fake ITC
News
GST
The Enforcement Directorate's Ranchi unit attached 10 immovable properties valued at Rs 15.41 crore in Kolkata and Howrah under the PMLA, bringing total attachments in a GST input tax credit fraud probe to about Rs 20.70 crore. The investigation, triggered by a DG-GST Intelligence complaint, alleges a syndicate used multiple shell companies across Jharkhand, West Bengal and Odisha to generate bogus GST invoices documenting ITC of roughly Rs 794 crore, sold the forged credits to end-users for commissions of about Rs 67 crore, and laundered proceeds by purchasing assets in relatives' and associates' names; four accused have been arrested.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =