535 cases of fake invoices involving ITC claims of Rs 2,565 cr detected in current fiscal


New Delhi: GST officers have booked
of fake invoices involving a total fraudulent claim
of Rs 2,565 crore
of input tax credit (ITC) and arrested 40 persons so far in the current financial year, Finance Minister Nirmala Sitharaman said Monday.

In 2018-19, 1,620
of fake invoices were registered involving fraudulent ITC claim
of Rs 11,251 crore under the goods and services tax (GST). As many as 154 persons were arrested.

In the first year
of the GST roll-out, between July 2017 and March 2018, two persons were arrested and five
of fake invoices were booked involving an amount
of Rs 12.67 crore, the minister said in a written reply to a question in the Lok Sabha.


Sitharaman said the government has taken various measures to prevent GST evasion. These include a specialised directorate within the Central Board
of Indirect Taxes and Customs (CBIC) which is engaged in data analytics and risk management. It disseminates analytical reports and intelligence inputs to field formations
of CBIC for the purpose
of scrutiny, audit and enforcement to prevent GST evasion.

To a query, the minister said a total
of 6,801
of bank fraud involving an amount
of Rs 71,542.94 crore happened till 2018-19, according to the Reserve Bank
of India.

In 2018-19, 2,836
of bank frauds occurred where amount involved was more than Rs 1 lakh, with the total amount involved being Rs 6,734.60 crore.

As many as 1,379
of bank fraud occurred in 2017-18 involving an amount
of Rs 7,247 crore, while in 2016-17, 699 fraud
cases took place where amount involved was Rs 7,670.32 crore.

In 2015-16, there were
cases involving an amount
of Rs 9,890.84 crore, while in 2014-15, there were 413
of bank frauds involving Rs 9,484.60 crore.

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