ADVERTISEMENT

Input tax credit

Fake ITC claims detection by central GST officers up 51% at Rs 36,374 crore in FY24

Minister of State for Finance Pankaj Chaudhary shared details of the fake input tax Credit (ITC) cases booked by Central Tax formations during the 2022-23 and 2023-24 fiscals in a written reply to the Lok Sabha.

29 July 2024, 10:34 IST

Fake ITC claims detection by central GST officers up 51% at Rs 36,374 crore in FY24

Fake ITC claims detection by central GST officers up 51% at Rs 36,374 crore in FY24

Fake ITC claims detection by central GST officers up 51% at Rs 36,374 crore in FY24

29 July 2024, 10:34 IST

One held over fraudulent claim of input tax credit worth Rs 25 crore through fake firms

The fraud came to light after CGST’s Palghar commissionerate initiated a probe against a certain Hacnup Trading (OPC) Private Limited and found it to be non-existent, he said.

08 March 2024, 08:46 IST

One held over fraudulent claim of input tax credit worth Rs 25 crore through fake firms

One held over fraudulent claim of input tax credit worth Rs 25 crore through fake firms

One held over fraudulent claim of input tax credit worth Rs 25 crore through fake firms

08 March 2024, 08:46 IST

Businesses can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

The Karnataka-bench of the AAR (Authority for Advance Ruling) ruled that ITC can be availed on taxes paid for procurement of white goods or gold coins for the purpose of incentive to dealer as it is a supply.

03 September 2023, 06:32 IST

Businesses can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

Businesses can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

Businesses can claim ITC on goods procured for distribution to dealers for achieving sales target: GST AAR

03 September 2023, 06:32 IST

GST: The exasperating business of getting input tax credit

When GST was introduced in 2017, there was a promise of a seamless input tax credit across the entire supply chain.

13 August 2023, 22:11 IST

GST: The exasperating business of getting input tax credit

GST: The exasperating business of getting input tax credit

GST: The exasperating business of getting input tax credit

13 August 2023, 22:11 IST

CBIC asks GST officers to not block ITC on suspicion

The guidelines laid down five specific circumstances in which such credit could be blocked by a senior tax officer

05 November 2021, 06:19 IST

CBIC asks GST officers to block input tax credit only on basis of evidence, not suspicion

CBIC asks GST officers to block input tax credit only on basis of evidence, not suspicion

CBIC asks GST officers to not block ITC on suspicion

05 November 2021, 06:19 IST

'Delay in input tax credit claims leading to losses'

The survey that sampled 1,200 enterprises across the country was aimed at finding the pain points of availing input tax credit without any delay

17 June 2021, 17:29 IST

Delay in input tax credit claims leading to losses: Survey

Delay in input tax credit claims leading to losses: Survey

'Delay in input tax credit claims leading to losses'

17 June 2021, 17:29 IST

DGGI busts exporter cos for availing fraudulent ITC

09 October 2020, 10:36 IST

DGGI busts exporter cos for availing fraudulent Input Tax Credit of Rs 61 crore

DGGI busts exporter cos for availing fraudulent Input Tax Credit of Rs 61 crore

DGGI busts exporter cos for availing fraudulent ITC

09 October 2020, 10:36 IST

Traders' body CAIT suggests measures to broaden GST

01 July 2020, 10:51 IST

Traders' body CAIT suggests measures to broaden GST

Traders' body CAIT suggests measures to broaden GST

Traders' body CAIT suggests measures to broaden GST

01 July 2020, 10:51 IST

Real estates have time till June 30 to pay GST

28 June 2020, 13:13 IST

Realty companies have time till June 30 to pay GST on shortfall in input procurement from dealers

Realty companies have time till June 30 to pay GST on shortfall in input procurement from dealers

Real estates have time till June 30 to pay GST

28 June 2020, 13:13 IST

GST Council may correct rate anomaly on March 14

10 March 2020, 19:52 IST

GST Council may correct rate anomaly on March 14

GST Council may correct rate anomaly on March 14

GST Council may correct rate anomaly on March 14

10 March 2020, 19:52 IST