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Thursday, February 8, 2024

GST evasion by bogus firms was highest in Delhi

Delhi leads in GST evasion by bogus firms, with 483 detected in Q3 FY24, totaling Rs 3,028 crore. Nationwide, 4,153 such firms were found, evading Rs 12,036 crore in input tax credit. Delhi's crackdown resulted in blocking Rs 90 crore in tax credits and 11 arrests. Measures are in place to prevent entry of fake firms.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WotQnUk

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