Tax Refund Fraud
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Twist In Europe's Biggest Tax Fraud Case Involving Indian-Origin Tycoon
The practice was named after Latin term, and allows multiple people to claim ownership of a stock and claim refunds on dividend tax that was only paid once.
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Man Arrested For Claiming Refund Of Over Rs 27 Crore From Fake Input Tax Credit
A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.
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GST Fraud Worth Rs 350 Crore Detected, Government Launches Probe
In one of the biggest crackdowns on Goods And Services Tax (GST) evaders so far, the centre has launched an investigation against unidentified exporters who allegedly faked GST refunds worth Rs 350 crore.
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GST Fraud Of Rs 400 Crore Involving Special Economic Zone Units Detected
The Directorate General of GST Intelligence has unearthed a scam in which exporters from the National Capital Region (NCR) allegedly availed Goods and Services Tax refund of Rs 400 crore in connivance with units in Gujarat's Kandla Special Economic Zone, an official said on Tuesday.
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Three Indian Nationals Fined For Singapore Goods and Services Tax Fraud
Three Indian nationals were fined today while cases against two others are pending for making fraudulent claims under the electronic Tourist Refund Scheme (eTRS) of Singapore's Goods and Services Tax.
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Alert Issued Against Fake Messages Luring People Of IT Department Refunds
The country's premier cyber security agency - CERT-In - has cautioned against a malicious 'SMShing' fraud where fake messages are being sent to people in the name of the Income Tax Department saying their refunds have been approved, with an aim to steal the recipient's vital personal details and put them on the dark net "for sale".
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Income Tax Officer In Hyderabad Sentenced To 3 Years In Jail For Financial Fraud
A special CBI court in Hyderabad on Wednesday sentenced an Income Tax officer to three years imprisonment on charges of misappropriating funds by fictitious refunds and payments made during the 2007-08 financial year.
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Infosys Says Not Named In FIR In Income Tax Fraud Case
According to a report, some income tax officials and a few staffers of Infosys filed revised tax returns using forged documents in the names of 250 taxpayers and claimed refunds illegally.
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I-T department Busts Tax Refund Fraud By IBM, Infosys Employees
Employees of over 50 prominent and medium-sized companies in Bengaluru are under the scanner of the department.
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Four Indians Jailed for Fraud in Singapore
Four Indian nationals in Singapore were on Wednesday given jail terms ranging between three and four years for fraudulent Goods and Services Tax (GST) tourist refund claims of about $5,70,000.
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Indian-American sentenced to 24 months in US for identity theft and tax fraud
An Indian-American along with two others from Alabama have been sentenced for their roles in an identity theft and tax fraud scheme, the US Justice Department has said.
-
Twist In Europe's Biggest Tax Fraud Case Involving Indian-Origin Tycoon
The practice was named after Latin term, and allows multiple people to claim ownership of a stock and claim refunds on dividend tax that was only paid once.
-
Man Arrested For Claiming Refund Of Over Rs 27 Crore From Fake Input Tax Credit
A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.
-
GST Fraud Worth Rs 350 Crore Detected, Government Launches Probe
In one of the biggest crackdowns on Goods And Services Tax (GST) evaders so far, the centre has launched an investigation against unidentified exporters who allegedly faked GST refunds worth Rs 350 crore.
-
GST Fraud Of Rs 400 Crore Involving Special Economic Zone Units Detected
The Directorate General of GST Intelligence has unearthed a scam in which exporters from the National Capital Region (NCR) allegedly availed Goods and Services Tax refund of Rs 400 crore in connivance with units in Gujarat's Kandla Special Economic Zone, an official said on Tuesday.
-
Three Indian Nationals Fined For Singapore Goods and Services Tax Fraud
Three Indian nationals were fined today while cases against two others are pending for making fraudulent claims under the electronic Tourist Refund Scheme (eTRS) of Singapore's Goods and Services Tax.
-
Alert Issued Against Fake Messages Luring People Of IT Department Refunds
The country's premier cyber security agency - CERT-In - has cautioned against a malicious 'SMShing' fraud where fake messages are being sent to people in the name of the Income Tax Department saying their refunds have been approved, with an aim to steal the recipient's vital personal details and put them on the dark net "for sale".
-
Income Tax Officer In Hyderabad Sentenced To 3 Years In Jail For Financial Fraud
A special CBI court in Hyderabad on Wednesday sentenced an Income Tax officer to three years imprisonment on charges of misappropriating funds by fictitious refunds and payments made during the 2007-08 financial year.
-
Infosys Says Not Named In FIR In Income Tax Fraud Case
According to a report, some income tax officials and a few staffers of Infosys filed revised tax returns using forged documents in the names of 250 taxpayers and claimed refunds illegally.
-
I-T department Busts Tax Refund Fraud By IBM, Infosys Employees
Employees of over 50 prominent and medium-sized companies in Bengaluru are under the scanner of the department.
-
Four Indians Jailed for Fraud in Singapore
Four Indian nationals in Singapore were on Wednesday given jail terms ranging between three and four years for fraudulent Goods and Services Tax (GST) tourist refund claims of about $5,70,000.
-
Indian-American sentenced to 24 months in US for identity theft and tax fraud
An Indian-American along with two others from Alabama have been sentenced for their roles in an identity theft and tax fraud scheme, the US Justice Department has said.
