Gst Raids

GST authority imposes Rs 41 cr penalty on Torrent Pharmaceuticals

Torrent Pharmaceuticals Ltd on Friday said the central GST authority has imposed a penalty of over Rs 41 crore on the company for alleged erroneous refund on export of goods. The Joint Commissioner, Common Adjudicating Authority, Central GST, Ahmedabad South Commissionerate passed an order imposing a penalty of Rs 41,33,84,165, Torrent Pharmaceuticals Ltd said in a regulatory filing. The order dated November 26, 2025 alleges erroneous refund by department on export of goods, it added. The company further said based on its assessment, an appeal will be filed and is hopeful of favourable outcome and does not reasonably expect the order to have any material financial impact on it.

GST officers detect ₹15,851 crore fraudulent ITC claims in April-June

GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check input tax credit (ITC) fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by central and state GST officers during the June ...

Shell firms under scanner of tax authorities over fake ITC claims

A special drive starting May 16 to weed out bogus GST invoices

GST raids in UP's Noida uncover tax evasion of more than Rs 20 cr

The state GST department has conducted raids in 71 districts of Uttar Pradesh in two days

State GST team raids several places of UP, Noida amid loss of revenue

The state GST department has taken action in various places in Uttar Pradesh including Noida on the complaint of loss of revenue by tax evasion

IT raid, GST crackdown in poll-bound Padampur, traders call 12-hr bandh

Poll-bound Padampur in Odisha saw back-to-back raids by the Income Tax and GST departments on Monday just a week ahead of the December 5 assembly by-election. The IT department raided the Padampur rown residences of three businessmen known to be close to the ruling BJD, while the GST department of the state government cracked down on on BJP-supported traders. A 12-hour bandh has been called on Tuesday by the local traders against the GST crackdown on traders at Padampur, Paikmal and Jharabandha towns. One of those whose premises was raided by the GST department is Sunil Agarwal, the president of Padampur town unit of BJP. The bandh will be held by the local traders from 6 am to 6 pm, Padampur Banika Sangha president Pratap Mishra said. All shops and business establishments will be closed during the duration of the bandh. Government and private offices, schools and educational are, however, exempted from the purview of the bandh, he said. The IT raids were conducted in the houses

Gujarat tax sleuths bust Rs 750-mn GST racket, second in three months

According to the Vadodara-I CGST commissionerate, an industrialist based out of Kapadwanj was arrested for faking GST invoices in order to avail input tax credit illegally

Crackdown on jewellers: Tax searches net Rs 815 mn from jewellery couriers

Officials from the departments of goods and services tax (GST) and central excise jointly conducted searches on around 200 angadias across this city and seized around 125 packets of diamond, gold jewellery and cash worth Rs 815 million on Thursday.Angadias act as couriers in the diamond trade. They receive packets from clients, in this case, diamond processors/sellers and jewellery manufacturers/traders in Mumbai, to deliver to other clients in Surat and other places in Gujarat, and so on. Their clients in Mumbai and Surat transact business over telephone. Thereafter, the angadias take charge of delivering the sealed packets of diamond, gold and jewellery between these places. "We had information on human carriers carrying some parcels containing gold bars, jewellery, diamond and cash coming in. We verified the information and started acting on it. We found around 80 people/carriers carrying cash and valuables, which they should not have carried without paying duty, and we ...