Tax Evasion - Indian Govt News

GST Enforcement

GST Intelligence Targets Magic Gold Bullion in Tax Evasion Crackdown

Overview of Enforcement Action by the Directorate General of GST Intelligence The Directorate General of GST Intelligence initiated enforcement action on 11 August 2025 against Magic Gold Bullion Private Limited as part of an ongoing nationwide operation targeting suspected tax evasion in the bullion and precious metals trade. According to

Tax Evasion

Finance Ministry Cracks Down on Bullion Trade Tax Evasion

The Ministry of Finance has undertaken a special enforcement operation targeting suspected tax evasion in the bullion trade, focusing on compliance gaps in income tax, goods and services tax (GST), and reporting obligations within gold and precious metals transactions. The action involved coordinated searches, verifications, and data-led risk assessments across