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GST Invoice Frauds: Over 1.63 lakh GST registrations cancelled
The Ministry of Finance have cancelled over 1.63 lakh registrations during the month of October and November for not filing GST returns for the last six months. The assessees were allegedly running fake firms.
Nationwide Drive
The Directorate General of GST Intelligence (DGGI) and CGST Commissionerate’s have conducted a nationwide drive in the month of November against GST fake invoice frauds, & have arrested 132 persons including four chartered accountants and a woman for availing themselves of or passing on ineligible ITC fraudulently and have booked 1,430 cases against more than 4,586 fake GSTIN entities identified across the country.
Sources from Tax Department said one chartered accountant Akshay Jain, was arrested from Visakhapatnam for issuing fake ITC to the tune of ₹...