ITC shares fell by 3%, VST Industries by 2.3%, and Godfrey Phillips by 3.2%. The GoM's report will be discussed by the GST Council on December 21 for a final decision.

GST authorities have flagged a concerning spike in fake input tax credit (ITC) claims amounting to Rs 15,851 crore during the April–June quarter of the current financial year, marking a 29 per ...

GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number ...

ITC availability is limited to the information the supplier provides in its monthly GST compliances via Form GSTR-1. Thus, recipients can claim credit only for the relevant month’s invoices ...

GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number ...

GST officers uncover ₹15,851 crore fake ITC claims in Q1 of FY26, with 3,558 fake firms detected.

As per data on ITC frauds unearthed by central and state GST officers, over the two years 2023-24 and 2024-25, a total of 42,140 fake firms were detected, which were involved in fraudulently ...

Silchar: State GST department's Silchar unit has arrested a Cachar-based businessman for allegedly evading goods and services tax (GST) to the tune of Rs 25 crore through fake billing and ...

PTI Published 20 Jul 2025, 10:43 AM IST GST officers detect ₹15,851 cr fraudulent ITC claims in April-June, 3,558 fake firms uncovered ...