29,273 fake companies involved in suspected GST ITC evasion, 121 arrested: Finance Ministry
New Delhi: A total of 29,273 fake companies are suspected to be involved. input tax credit Theft of Rs 44,015 crore has been detected in (ITC) since mid-May 2023. Finance Ministry said in a statement on Sunday.
Milan finance The ministry also said that a total of 121 arrests have been made in such cases.
“Since the launch of the special drive against fake registrations in mid-May 2023, a total of 29,273 fake firms involved in suspected input tax credit (ITC) evasion of Rs 44,015 crore have been detected. This has led to savings of Rs 4,646 crore. “Rs 3,802 crore is due to block ITC and Rs 844 crore is by way of recovery,” the Finance Ministry said.
The ministry said a total of 4,153 fake firms were suspected in the quarter ending December 2023. ITC theft About Rs 12,036 crore was detected.
Central GST officials detected 2,358 of these fake firms. This secured revenue of Rs 1,317 crore, of which Rs 319 crore was recovered and Rs 997 crore was secured by blocking ITC. 41 people were arrested in these cases. Of these, 31 arrests were made by central GST officials,” the ministry said.
“The government has taken several measures to strengthen the GST registration process. Pilot projects of biometric-based Aadhaar authentication at the time of registration have been launched in the states of Gujarat, Puducherry and Andhra Pradesh,” it said.
Milan finance The ministry also said that a total of 121 arrests have been made in such cases.
“Since the launch of the special drive against fake registrations in mid-May 2023, a total of 29,273 fake firms involved in suspected input tax credit (ITC) evasion of Rs 44,015 crore have been detected. This has led to savings of Rs 4,646 crore. “Rs 3,802 crore is due to block ITC and Rs 844 crore is by way of recovery,” the Finance Ministry said.
The ministry said a total of 4,153 fake firms were suspected in the quarter ending December 2023. ITC theft About Rs 12,036 crore was detected.
Central GST officials detected 2,358 of these fake firms. This secured revenue of Rs 1,317 crore, of which Rs 319 crore was recovered and Rs 997 crore was secured by blocking ITC. 41 people were arrested in these cases. Of these, 31 arrests were made by central GST officials,” the ministry said.
“The government has taken several measures to strengthen the GST registration process. Pilot projects of biometric-based Aadhaar authentication at the time of registration have been launched in the states of Gujarat, Puducherry and Andhra Pradesh,” it said.
