Granite Tax Evasion Racket Using Stolen IDs Uncovered
Investigators expose interstate granite trade racket using stolen identity documents to evade taxes across Telangana, Rajasthan, and Madhya Pradesh, causing estimated Rs 100 crore losses.
Category : GST & Taxation
Punjab Attaches 136 Properties Worth Rs 91 Cr in Tax Recovery
Punjab's taxation department has attached 136 properties valued at over Rs 91 crore to recover pending pre-GST arrears. Finance Minister Harpal Singh Cheema warns against tax evasion while urging traders to use settlement policy.
Indore Tax Bodies Protest English-Only GST Appeal Rule
Tax associations in Madhya Pradesh protest new GST rule requiring English translations for appeals, calling it financially burdensome and a violation of accessible justice in Hindi-speaking regions.
GST Busts Rs 13,000 Crore Illegal Online Gaming Syndicate
GST intelligence officials have uncovered a massive Rs 13,000 crore illegal online gaming syndicate, arresting the founder of a firm providing fraud detection services.
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India's Foreign Asset Reporting Enters Era of Aggressive Enforcement
India's foreign asset reporting shifts from procedural to priority compliance with Budget 2026, leveraging data analytics and global frameworks like CRS and FATCA for assertive enforcement.
Hyderabad Biryani Chains Face Tax Evasion Probe, Rs 70,000 Crore Fraud
Major biryani chains in Hyderabad are under investigation for alleged tax evasion, with authorities suspecting a nationwide fraud of Rs 70,000 crore. The probe targets top brands for GST violations.
I-T Dept Cracks Down on Executives for Income Misreporting
The Income Tax Department is issuing notices to senior executives at MNCs and startups for alleged underreporting of income, false exemptions, and undisclosed foreign assets, with over 2.1 million revised returns filed this year.
Hyderabad Biryani Probe Exposes Rs 70,000 Crore Tax Evasion
An IT department investigation into Hyderabad biryani restaurants has revealed a nationwide tax evasion scam worth Rs 70,000 crore, using AI and big data to analyze billing software deletions.
POS Software 'Delete' Button Used for Tax Evasion in Restaurants
Tax investigators uncover a bulk deletion feature in popular restaurant billing software that can erase up to 30 days of sales data, enabling widespread suppression of turnover across eateries in Hyderabad and beyond.
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Surat GST Raid Uncovers Rs 600 Crore Silver Trade
DGGI uncovers massive unaccounted silver trade worth Rs 600 crore in Surat, leading to Rs 18 crore GST evasion and arrest of bullion trader Yatin Shah.
Draft Income Tax Rules 2026: ITR Form Changes Detailed
The Draft Income Tax Rules 2026 propose redesigned ITR forms, broader eligibility criteria, and more pre-filled details for tax year 2026-27. Experts highlight simplification and technological advancements.
Lucknow Police Bust Major GST Fraud Racket with 15 Fake Firms
A joint police team in Lucknow uncovered an organized GST fraud network that created over 15 bogus firms to generate fake Input Tax Credit, causing a tax loss exceeding Rs 2.75 crore. Four arrests made, mastermind absconding.
Faceless Customs System Scrutinized Over Empty Query Pattern
India's faceless customs assessment system faces internal scrutiny as reviews reveal patterns of near-empty queries, potentially delaying shipments and undermining reform objectives. Authorities probe possible circumvention of anonymity safeguards.
CBIC Tightens Customs Monitoring, Sets Query Limits
The finance ministry and CBIC have ordered stricter oversight of customs assessments, limiting queries to three per entry and developing SOPs for 50 commodities to reduce delays.
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Draft Income Tax Rules 2026: PAN and Cash Transaction Updates
The Income Tax Department has released draft rules for FY 2026-27, proposing changes to PAN quoting thresholds for cash deposits, property deals, and more. Stakeholder feedback is due by February 22, 2026.
DGGI Busts Rs 2,150 Crore GST Fraud Syndicate Nationwide
The Directorate General of GST Intelligence dismantled a nationwide syndicate generating fake Input Tax Credit worth Rs 2,150 crore through shell companies and fraudulent export refund claims.
Income Tax Raids on Panorama Group Uncover Cash, Gold, Documents
After a 70-hour raid across Bihar, the income-tax department seized over Rs 1.25 crore in cash, 3kg of gold, and 400 documents from Panorama Group, investigating tax evasion and black money laundering.
Rs 1,100 Crore Unreported Cash in Gadchiroli Bank
Income Tax Department uncovers over Rs 1,100 crore in unreported cash deposits at Gadchiroli District Central Cooperative Bank over five years, part of a wider regional probe into cooperative banks.
ITAT Relief in Ahmedabad On-Money Case Over Lack of Evidence
An income-tax appellate tribunal in Ahmedabad set aside an addition for alleged cash on-money in a property purchase, ruling the tax department relied on third-party material without direct proof, benefiting taxpayers in similar disputes.
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Delhi HC Asks Centre to Decide on GST Exemption for Adult Diapers
Delhi High Court has ordered the Centre to decide within six months on a plea seeking GST exemption for adult diapers, citing discrimination compared to sanitary pads.
Punjab GST Fraud: Businessman Arrested in Rs 9 Crore Scam
A Ludhiana businessman was arrested for a Rs 9 crore GST fraud involving fake invoices, while a tax inspector was dismissed for unauthorized absence in Punjab's crackdown on tax evasion.
CBIC EMI Scheme Launch by March 1, Draft Framework Soon
The CBIC will introduce the Eligible Manufacturer-Importer scheme by March 1, with a draft framework for stakeholder consultation expected within days. The scheme offers two-year benefits to non-AEO manufacturers to encourage AEO certification.
PAN Rules Change for Vehicle Purchases in Draft Tax Rules
New draft income tax rules propose a significant change to PAN requirements for vehicle purchases. Currently mandatory for all vehicles, PAN will now only be needed for purchases exceeding Rs 5 lakh, including high-end bikes.
Jalandhar GST Raids: Rs 130.5 Crore Evasion in Fake Firms
Central GST Commissionerate in Jalandhar conducted searches, seizing evidence from 23 dummy firms with Rs 1,000 crore taxable value and Rs 130.5 crore GST evasion. Main accused Jaswinder Mahi arrested.
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Chennai GST Commissioner Suspended for Bribery, CBI Probe Ordered
The Central Board of Indirect Taxes and Customs suspends Chennai South CGST Commissioner P Manikkavel on charges of demanding illegal gratification from taxpayers. The case has been referred to the CBI for investigation.
Hyderabad Tax Officials Uncover Rs 32 Crore GST Fraud
Commercial taxes department officials in Hyderabad exposed a fake invoicing racket worth Rs 32 crore after intercepting a cargo van during a routine check, leading to a police case against Suman Enterprises.
CAG Report Spurs Tax on Military Disability Pensions
A recent CAG report has led to tax notices for disabled military personnel, sparking debate over fairness and policy implications for veterans.
India's Net Direct Tax Collections Rise 9.4% to ₹19.43 Trillion
India's net direct tax collections reached ₹19.43 trillion, up 9.4% year-on-year, achieving over 80% of the revised FY26 target. Corporate tax grew 14.5%, while personal income tax increased 5.9%.
Bengaluru in 50% HRA Tax Exemption Draft Rules
Bengaluru has been added to the list of cities eligible for a 50% HRA tax exemption in draft Income Tax rules, joining Hyderabad and Pune, pending final approval.
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Bengaluru Gets 50% HRA Tax Exemption in Draft I-T Rules
Bengaluru's workforce is set for significant tax savings as draft Income Tax Rules propose 50% HRA exemption, placing the city alongside Delhi, Mumbai, Kolkata, and Chennai.
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