The Directorate General of Goods and Services Tax Intelligence (DGGSTI) has reportedly cracked down on offshore online gaming platforms offering betting services ahead of the Indian Premier League (IPL). The DGGI is closely monitoring offshore entities, which fall outside the purview of Indian laws, according to a report in The Economic Times. “Given the IPL […]
Finance Ministry warns taxpayers about fake GST violation notices; How to verify – CNBC TV18
The Finance Ministry has issued a stern warning to taxpayers regarding fraudulent GST violation notices, which are being circulated with fake Document Identification Numbers (DIN) and official logos. The Central Board of Indirect Taxes and Customs (CBIC) confirmed that some fraudsters are sending counterfeit GST summons, which may or may not be linked to ongoing […]
GST evasion in FY24 crosses ₹2 lakh crore, says DGGI – CNBC TV18
Even as the Directorate General of GST Intelligence (DGGI) has detected GST evasion of over ₹2 lakh crore in FY24—the highest in a single fiscal), There is still substantial revenue leakage in the system, which remains unplugged. According to Anil Kumar Gupta, Principal Director General at DGGI, several transactions from the “digital economy, digital sector, […]