Goods and Services Tax – GST Dated:- 8-1-2024 – News – 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 registrations and issuance of fake invoices without any underlying supply of goods and services. Since the initiation of the special drive against fake registrations in mid-May 2023, a total of 29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore have been detected. This has saved Rs. 4,646 crore of which Rs. 3,802 crore is by blocking of ITC and Rs. 844 crore is by way of recovery. So far, 121 arrests have been made in the cases. In the quarter ending December, 2023, 4,153 bogus firms that involved suspected ITC evasion of around Rs. 12,036 crore were detected. 2,358 of these bogus firms were detected by the Central
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
23 Name of the State/UT Number of bogus firms detected Tax Evasion suspected (Rs Cr.) ITC amount blocked / recovered ( Rs Cr.) Arrests Made Fake firms per lakh registered firms Andhra Pradesh 19 765 11 0 5 Arunachal Pradesh 0 13 14 0 0 Assam 19 116 67 0 8 Bihar 30 148 88 0 5 Chandigarh 2 5 1 0 6 Chhattisgarh
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
0 2 Jharkhand 23 110 2 0 11 Karnataka 223 397 59 2 22 Kerala 42 152 4 0 10 Ladakh 0 0 0 0 0 Madhya Pradesh 70 158 22 1 13 Maharashtra 926 2201 102 11 54 Manipur 0 0 0 0 0 Meghalaya
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
18 Tamil Nadu 185 494 374 1 16 Telangana 117 536 235 1 23 Tripura 9 20 0 0 29 Uttar Pradesh 443 1645 44 5 24 Uttarakhand 66 88 0 0 33 West Bengal 126 343 18 0 17 And. Nicobar Is 0 0 0 0 0 Lakshadweep
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =