GST Fraud Surges 29%: ₹15,851 Crore Fake ITC Uncovered in Q1 FY25
GST authorities have cracked down on ₹15,851 crore in fraudulent Input Tax Credit (ITC) claims between April and June of the current fiscal year. This marks a significant 29% increase in detected fraud compared to the same period last year. Officials also uncovered 3,558 fake firms involved in these schemes, leading to 53 arrests and … Read more