{"id":7816,"date":"2024-06-14T03:19:29","date_gmt":"2024-06-14T03:19:29","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=7816"},"modified":"2024-06-14T03:19:29","modified_gmt":"2024-06-14T03:19:29","slug":"gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/","title":{"rendered":"GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat"},"content":{"rendered":"

Ever since the Goods and Services<\/a> Tax (GST) regime was rolled out in July 2017, fake billing scams have continued to drain government coffers in Gujarat. The data of the state commercial tax department suggests that stateGST<\/u>officials have detected fake billing transactions to the tune of Rs 32,310 crore inGujarat<\/u>till December 2021. About 1,875 shell companies were involved in various cases that led to the draining of Rs 4,264 crore from government coffers through fraudulent claims for input tax credit (ITC).<\/p>\n

The as well as the Centre are introducing policy measures to plug loopholes but the constantly changing modus operandi has only led to a surge in the number of cases reported year after year.<\/p>\n

From April to December 2021, about 1,172 cases of fake billing were detected by the state authorities. That shows a 67% jump in cases over the numbers of the previous three

\r\n \r\n \r\n \r\n \r\n <\/svg>\r\n <\/span>\r\n Subscribe on YouTube\r\n <\/a>\r\n <\/div> years combined (2018-19,
\r\n \r\n \r\n \r\n \r\n <\/svg>\r\n <\/span>\r\n Join Our Telegram Channel\r\n <\/a>\r\n <\/div> 2019-20, and 2020-21), during which about 703 cases of fake billing scams were detected, stated officials of theSGST<\/u>department.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever since the Goods and Services Tax (GST) regime was rolled out in July 2017, fake billing scams have continued to drain government coffers in Gujarat. The data of the state commercial tax department suggests that stateGSTofficials have detected fake billing transactions to the tune of Rs 32,310 crore inGujarattill December 2021. About 1,875 shell … Read more GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1084],"tags":[1126],"yoast_head":"\nGST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat\" \/>\n<meta property=\"og:description\" content=\"Ever since the Goods and Services Tax (GST) regime was rolled out in July 2017, fake billing scams have continued to drain government coffers in Gujarat. Subscribe on YouTube The data of the state commercial tax department suggests that stateGSTofficials have detected Join Our Telegram Channel fake billing transactions to the tune of Rs 32,310 ... 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Subscribe on YouTube The data of the state commercial tax department suggests that stateGSTofficials have detected Join Our Telegram Channel fake billing transactions to the tune of Rs 32,310 ... Read more GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T03:19:29+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/","name":"GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat - Current Affairs Exam","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website"},"datePublished":"2024-06-14T03:19:29+00:00","dateModified":"2024-06-14T03:19:29+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/gst-billing-rs-32310-crore-of-fake-transactions-in-4-5-years-in-gujarat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/current-affairs\/"},{"@type":"ListItem","position":2,"name":"GST billing: Rs 32,310 crore of fake transactions in 4.5 years in Gujarat"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#website","url":"https:\/\/exam.pscnotes.com\/current-affairs\/","name":"Current Affairs Exam","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/current-affairs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/current-affairs\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7816"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7816"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7816\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}