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29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore

GST expert by GST expert
January 8, 2024
in GST news
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Income Tax department conducting the biggest raid of 2020 in Raipur!
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29,273 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 the country since May 2023; 121 arrested

 

To 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 / bogus registrations and issuance of fake invoices without any underlying supply of goods and services.

Since the initiation of the special drive against fake registrations in mid-May 2023, a total of 29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs. 44,015 crore have been detected. This has saved Rs. 4,646 crore of which Rs. 3,802 crore is by blocking of ITC and Rs. 844 crore is by way of recovery. So far, 121 arrests have been made in the cases.

In the quarter ending December, 2023, 4,153 bogus firms that involved suspected ITC evasion of around Rs. 12,036 crore were detected. 2,358 of these bogus firms were detected by the Central GST Authorities. This has protected revenue of Rs. 1,317 crore of which Rs. 319 crore has been realised and Rs 997 crore has been protected by blocking ITC. 41 persons were arrested in these cases. 31 of these arrests were by Central GST Authorities. State wise details are annexed.

The Government has taken various measures to strengthen the GST registration process. Pilot projects of biometric based Aadhar authentication at the time of registration have been launched in the States of Gujarat, Puducherry and Andhra Pradesh.

Besides, the Government has endeavoured to curtail evasion of tax through measures such as sequential filing of GST returns, system generated intimation for reconciliation of the gap in tax liability in GSTR-1 & GSTR- 3B returns and of the gap between ITC available as per GSTR-2B & ITC availed in GSTR-3B returns, use of data analytics and risk parameters for detection of fake ITC, etc.

Action against bogus firms during Quarter ending in December 2023

Name of the State/UT

Number of bogus firms detected 

Tax Evasion suspected (Rs Cr.)

ITC amount blocked / recovered ( Rs Cr.)

Arrests Made 

Fake firms per lakh registered firms 

Andhra Pradesh

19

765

11

0

5

Arunachal Pradesh

0

13

14

0

0

Assam

19

116

67

0

8

Bihar

30

148

88

0

5

Chandigarh

2

5

1

0

6

Chhattisgarh

26

83

34

1

15

Dad. & Ngr Haveli

0

0

0

0

0

Delhi

483

3028

90

11

61

Goa

4

29

0

0

9

Gujarat 

178

445

25

3

15

Haryana

424

624

76

3

81

Himachal Pradesh

4

14

4

0

3

J&K

3

1

0

0

2

Jharkhand

23

110

2

0

11

Karnataka

223

397

59

2

22

Kerala

42

152

4

0

10

Ladakh

0

0

0

0

0

Madhya Pradesh

70

158

22

1

13

Maharashtra

926

2201

102

11

54

Manipur

0

0

0

0

0

Meghalaya

0

5

0

0

0

Mizoram

0

0

0

0

0

Nagaland

0

0

0

0

0

Odisha

138

337

7

0

42

Puducherry

2

2

0

0

8

Punjab

82

75

4

1

21

Rajasthan

507

197

31

1

59

Sikkim

2

2

2

0

18

Tamil Nadu

185

494

374

1

16

Telangana

117

536

235

1

23

Tripura

9

20

0

0

29

Uttar Pradesh

443

1645

44

5

24

Uttarakhand

66

88

0

0

33

West Bengal

126

343

18

0

17

And. & Nicobar Is

0

0

0

0

0

Lakshadweep

0

0

0

0

0

Total

4153

12036

1317

41

29

 

To read Press Release CLICK ME.

 

Connect with us on: LinkedIn, Telegram, Instagram, Facebook, Twitter and Youtube for regular Updates.

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