Incorrect profit margin calculation leads to VAT reassessment by Pandhuis; upheld by court.

• DGGI has detected tax evasion of Rs 1.2 trillion using fake input tax credit since 2020
• 59,000 potential fake firms identified for verification
• 170 individuals involved in fraud apprehended
• Special drive launched to weed out fake registrations
• Revenue Secretary stressed importance of balance between enforcement actions and ease of doing business
• Recent changes in GST returns will aid in tackling evasion
• Enforcement units advised to focus on real evasion rather than interpretative issues
• Best practices and guidelines discussed for uniformity in action and ease of doing business.

Source: nlfiscaal.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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