Massive Crackdown on Bogus Firms: ₹44,015 Crore in Suspected GST Fraud Uncovered

PRESS RELEASE29, 273 BOGUS FIRMS INVOLVED IN SUSPECTED INPUT TAX CREDIT (ITC) EVASION OF RS. 44,015 CRORE DETECTED IN A SUSTAINED DRIVE AGAINST NON-EXISTENT TAXPAYERS BY GST FORMATIONS ACROSS COUNTRY SINCE MAY 2023; 121 ARRESTEDPRESS RELEASE, DATED 7-1-2024To 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 /...

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