Credit fraud

GST officials arrest owner in 6.46 cr input tax credit fraud

CGST and Central Excise officials arrested the owner of the company implicated in an input tax credit fraud to the tune of 6.46 crore. The investigation is ongoing and the amount defrauded is likely to increase as it progresses, the…

Mumbai Woman Arrested for “Rs 9.95 Crore Input Tax Credit Fraud”

Central Goods and Services Tax (CGST), Bhiwandi police station, arrested a 49-year-old woman from Kharghar on Wednesday for allegedly claiming an input tax credit (ITC) of Rs 9.95 crore, on the basis of false receipts received from fictitious businesses. A…

RI Soldiers Diary: DUI, Credit Fraud

[Warwick Post photo] Rhode Island State Police Editor’s note: The following RI arrests recorded in the RI soldiers’ diary were reported by the Rotary State Police on their website. An arrest reflects the charges against an individual and does not…

Accountant arrested for input tax credit fraud

New Delhi, August 25 (IANS): GST Intelligence Directorate (DGGI) Gurugram Zonal Unit (GZU) arrested Delhi Chartered Accountant (CA) for setting up a fake business to fraudulently pass on a fake Input Tax Credit (ITC) without actual supply of goods or…

Tech Tuesday: Building a Digital Defense Against IRS Child Tax Credit Fraud | Local News

Welcome to the Oregon FBI Tech Tuesday segment. Today: Building a digital defense against child tax credit scams. This warning is coming to us thanks to our partners in the Internal Revenue Service Criminal Investigation Division. Millions of American families…

#NewsBytesExclusive: How Russian startup JuicyScore is shaping a credit fraud prevention strategy

Last updated on 13 Aug 2021, 17:15 In conversation with the founders of JuicyScore Pavel Bolshakov and Mikhail Marchenko Present in more than 20 countries in just five years of startup, JuicyScore is a sophisticated risk management and fraud prevention…

2 detained by CGST agents for input tax credit fraud over Rs 10 cr

Through Abdullah Karuthedakam – August 12, 2021 at 11:45 a.m. The CGST Police Station, Faridabad, Haryana arrested two directors of M / s. F2C Welfare Pvt. Ltd., Faridabad on charges of illegal use and transmission of Input Tax Credit (ITC)…

GST officers detect fraud of Rs 4,000 input tax credit in April-June

GST officers detected more than Rs 4,000 crore of input tax credit (ITC) fraud during the June 2021-2022 quarter, Parliament informed on Monday. In a written response to a question from Lok Sabha, Minister of State for Finance Pankaj Chaudhary…

GST Authorities Uncovered Rs 31,000 Crore Input Tax Credit Fraud in FY21: Government

Goods and services tax authorities have uncovered over Rs 31,000 crore in tax evasion committed through the misuse of the input tax credit (ITC) provision under the GST regime over the course of the 2020-2021 fiscal year and have recorded…

Rs31,000 crore tax credit fraud detected during fiscal year 21

Goods and Services Tax (GST) authorities have detected an input tax credit fraud of more than ??31,000 crore in FY21 and have booked more than 7,200 cases in this regard, Minister of State for Finance Pankaj Chaudhary Rajya Sabha said…