On Sunday, the government said that during an operation against falsified registration over eight months until December 2023, GST officers were identified.
4,153 fake firms that have been suspected to be involved in ITC evasion of around Rs 12,036 crore were identified during the October-December quarter. 2,358 of these fraudulent firms were identified by the Central GST Authorities. Maharashtra led the list with 926 fake firms detected; Rajasthan (507), Delhi (483), and Haryana – 424 were next in line.
Rs 1,317 crore revenue was protected during the December quarter, of which Rs. In these cases, Central GST Authorities arrested 31 persons, and the total number of arrests reached as many as 41 people, according to the finance ministry.
“Since the commencement of the special drive against fake registrations in mid-May 2023, a total number of such bogus firms combined for suspected Input Tax Credit evasion aggregating to Rs 44,015 Cr. The detection has resulted in savings arising from blocking input tax credit and through recovery, which so far stand at Rs Rs 1,317 crore, of which Rs 319 crore has been realized and Rs 997 crore has been protected by blocking ITC. This also includes arrests made.
It came to Rs. 2,201 crore that the suspected tax evasion by as many bogus companies in Maharashtra during the December quarter. Eleven persons were arrested. Concerning Delhi, the estimated tax evasion by 483 fake companies was Rs 6028 crore, and eleven people were arrested.
In the case of Andhra Pradesh, tax evasion by 19 fake companies was Rs.765 crore, and Haryana had discovered detection of fraudulent practices involving a total sum of money amounting to Rs. 624 core due from therefore bogus firms incorporated within its jurisdiction category;
443 bogus firms in Uttar Pradesh have been found responsible for suspected GST evasion of Rs 1,645 crore. The state arrested five persons during the quarter.
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