Directorate General Of GST Intelligence Busts ₹1,196 Crore Fake Input Tax Credit Scam; Raids Uncover Bogus GST Network
The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...
Bogus companies, fake invoices: ₹1,196 crore GST fraud unearthed by DGGI Pune Zonal Unit; check details
The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...
Centre's retrospective GST amendment in Budget 2025 may face legal scrutiny
The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...
Input tax credit removal set to hit commercial realty companies
Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...
Retrospective GST input tax credit amendment to impact commercial realty
The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...
JD Supra6d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Min panel may propose 5% GST with ITC benefit on term plans
A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy ...
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...
devdiscourse9d
GST Authorities Clamp Down on IndiGo with Hefty Penalties
GST authorities have imposed penalties totaling Rs 115.86 crore on IndiGo for not recognizing certain services as 'export of ...
Tax Guru7d
Landmark Judgements of SC on Input Tax Credit for Construction Under GST
Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...
DGGI probe detects ₹1,196 crore fraudulent Input Tax Credit transactions
DGGI uncovers 1,196 crore tax fraud involving fake invoices, e-way bills, shell entities, and bogus companies.