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Breaking Down The News: The Reality of GST Evasion in India

By BPN News Desk February 11, 2025
Breaking Down The News Opinion
The Goods and Services Tax (GST) was introduced in India on July 1, 2017, to replace multiple indirect taxes and create a transparent, efficient system. However, GST evasion remains a major issue, costing the government billions in lost revenue. Fraudsters exploit loopholes through fake
Business Finance

GST Fraud Racket Uncovered: Fake Invoices Worth ₹658.55 Crore Detected

By BPN News Desk February 5, 2025
In a significant crackdown on tax evasion, the Central GST Itanagar Commissionerate has unearthed a fraudulent scheme involving the issuance of fake invoices valued at ₹658.55 crore without any actual supply of goods. This illicit activity has resulted in an estimated loss of approximately ₹100 crore to the government exchequer. Discovery of the GST Fraud […]

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