Central and state GSTThe officers have detected 25,009 false companies involved in fraudulently approve the fiscal credit of supplies (ITC) worth RS 61,545 million rupees for 2024-25, authorities said.
Duration of fiscal completion 2024-25 Final of March 2025, the Central and State GST officers recovered ₹ 1,924 million rupees per block of ITC and arrested 168 people.
According to data on ITC fraud without energy by central and state GST officers, during the two years 2023-24 and 2024-25, 42,140 false companies were detected, which were involved in the generation of fraudulent ITC or around ₹ 1.01 Lakh Crore. ₹ 3.107 million rupees recovered through the block of ITC, and 316 judgments have made a leg.
“The central and state governments and GSTN have several steps tasks to avoid false claims of ITC, including providing intelligence contributions, detecting fraudulent record and suspicious activity of electronic invoices,” said an official, “said an official. PTI.
According to the Property and Services Tax Regime (GST), ITC refers to taxes paid by companies on purchases -purchase of suppliers. This tax can be claimed as a credit or deduction when paying the final production tax.
To deal with the False ITC has an important challenge for the GST Administration, since the unscrupulous elements were to create false companies only to claim ITC and disappoint the treasure.
To deal with this, the GST registration process has become strict with the checks of risky applicants.
Although companies that are not at risk will be granted the GST registration within 7 days, the physical verification and authentication of AADHAar are mandatory for those who grant registration to those applicants who are marked as risky by data analysis.
As a measure to trace the intellectual authors, the GST Law provides the punishment for ITC, suspension or cancellation of the registration of the registration of taxpayers involved in false cases of ITC; Block or ITC in Electronic Credit Book; and provisional attachment of bank accounts/properties, etc. for the recovery of government fees.
Until now, two national conferences of the State and Central formations have been carried out with respect to the activities carried out by the application formations and the importance of maintaining the ease of doing business.
Posted on April 21, 2025