Telangana is emerging as a formidable economic power in the country, recording a remarkable growth in a short span of time. This is evident from the State achieving a 69 percent growth rate in Goods and Services Tax (GST) collections in less than four years. As per …
A team of the Income tax department, Kanpur division, unravelled a nexus where transactions worth several crores were being done from the accounts of junk pickers and rickshaw pullers for GST or income tax evasion. According to Income Tax department sources, the mastermind of the nexus works …
A nationwide crackdown by the Goods and Services Tax (GST) authorities has unearthed tax evasion to the tune of ₹30,000 crore. The evasion was reportedly executed through the use of stolen identities, including approximately 18,000 Permanent Account Numbers (PAN) and Aadhaar cards. The GST authorities launched …
The Madhya Pradesh GST department has detected a major case of GST evasion to the tune of more than ₹ 8,100 crore. The investigation revealed that the evasion was carried out through 4,909 bogus business establishments spread across the country. The tax department got the initial …
The Central Board of Indirect Taxes and Customs (CBIC) is considering introducing pre-filled consolidated GST return forms, similar to the Annual Information Statement (AIS) used by the Income Tax department. The move is aimed at reducing the compliance burden on taxpayers and improving the ease of …
Three traders of FMCG were arrested in Madurai for evasion of Rs 75 crore in GST. The Directorate General of GST Intelligence (DGGI) conducted raids on the premises of the three traders on May 11, 2023. The raids revealed that the traders had been evading GST …
On Thursday, the Directorate General of GST Intelligence (DGGI) arrested one Sanjay Dhingra, the promoter of Good Health Industries Pvt Ltd, Rajouri Garden, Delhi, which is engaged in manufacturing of ‘Dairy Best’ brand of desi ghee having manufacturing units at Mewat in Haryana and Saharanpur in …
Two Customs officers and a police constable were arrested on Thursday for allegedly duping a businessman of ₹80 lakh on the pretext of settling his GST evasion case. The accused have been identified as Lalit Basare, a Customs superintendent; Neelkamal Singh, a Customs assistant commissioner; and …
