HK Associates & Co.

The GST department continues its aggressive action against fake ITC claims
— here’s a quick snapshot
What happened?
CGST Delhi South unearthed fraudulent ITC of ₹8+ crore.
Director of the company arrested
Modus Operandi:
ITC claimed without actual supply
Suppliers found non-existent / cancelled / suspended
Fake credit passed on to buyers
Investigation Insight:
Data analytics + multi-level supply chain check (L1, L2, L3) exposed
broken credit chain
Result: ITC held inadmissible u/s 16
Legal Action:
Statement recorded u/s 70
Arrest under Section 69
Offences under Section 132 (non-bailable)
Judicial custody till 30.04.2026
Key Takeaway:
Fake ITC = High risk of arrest & prosecution
Strong focus on data analytics & backend verification
Bottom Line:
GST compliance is no longer just paperwork — substance over form is being strictly enforced

GST COUNCIL SECRETARIAT NEWSLETTER – ISSUE 84 (MARCH 2026)
Brief Overview:
Legislative changes under Finance Act, 2026 impacting IGST & CGST
framework. Procedural ease through DRC-03A linkage mechanism for
appeals. Key GST Portal updates for GSTR-3B compliance. Strong
GST revenue performance crossing ₹2 lakh crore. Operationalisation
of GSTAT benches across India.

🚨 URGENT REQUIREMENT – DELIVERY BOY 🚨
We are hiring Delivery Boys for immediate joining.
📍 Requirements:
✔ Must have own Two-Wheeler
✔ Valid Driving License
✔ PAN Card & Aadhaar Card compulsory
💰 Salary:
➡ Depends on number of deliveries per day
➡ More delivery = More earnings
📌 Location: (Add your location here)
📞 Contact:
9864870534 / 7002780712
📧 [email protected]
⚡ Freshers can also apply
⚡ Immediate joining

**HK Newz**
❖ Ministry of Finance Detailed Parliament About GST Exemption on Insurance
Premiums.
The Ministry of Finance informed Parliament that GST exemption on
individual life and health insurance policies (effective 22.09.2025) is set to
significantly reduce premium costs by removing the 18% tax burden.
This move, based on recommendations of the GST Council, aims to boost
affordability and expand insurance coverage, especially among underserved
populations.
The reform aligns with the Government’s vision of Insurance for All and Viksit
Bharat 2047, promoting financial inclusion and risk protection across India.
The Insurance Regulatory and Development Authority of India is actively
monitoring insurers to ensure full pass-through of GST benefits, with companies
confirming no increase in premiums post-exemption.

🚨 URGENT VACANCY – ACCOUNTANT (2 POSTS) 🚨
We are hiring Accountants for the following locations:
📍 Guwahati (Dhirenpara)
📍 Lanka
💼 Position: Accountant
👥 Vacancies: 2
✅ Eligibility:
Freshers can apply
Basic knowledge of Tally required
⏳ Note:
First 1 month will be a Provisional Period
📞 Contact: 9864870534 / 7002780712
📧 Email: [email protected]