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 …
The Bengaluru cybercrime police have arrested four people for allegedly misusing the PAN card and GST number of a Bengaluru businessman to evade taxes. The accused have been identified as G Delhi Babu, R Janaki Ram Reddy, Hire Lal, and Tej Raj Giriya. The accused allegedly …
The Central Board of Direct Taxes (CBDT) has appointed Joint Commissioner of Income-tax (Appeals) (JCIT(A))/Additional Commissioner of Income-tax (Appeals) (Addl. CIT(A)) for facilitating e-appeal proceedings. The appointment was made through a notification dated June 14, 2023. The appointment of JCIT(A)/Addl. CIT(A) is in line with the …
Advisory: Update on Enablement Status for Taxpayers for e-Invoicing Dear Taxpayers, It is to inform that as per Notification No. 10/2023 – Central Tax dated 10th May 2023, the threshold for e-Invoicing for B2B transactions has been lowered from 10 crores to 5 crores. This change …
Directorate of Enforcement (ED) has provisionally attached 59 immovable and movable properties including 53 plots, commercial shops, Industrial plots, agricultural land located at Delhi, Noida, Sonepat (Haryana), Jalandhar, Hyderabad and balances in bank accounts having value of Rs. 28. 67 Crore belonging to Sunil Dhupar, former …
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 …
Central Board of Indirect Taxes and Customs (CBIC) has issued Important Guidelines for processing of applications for GST registration. These guidelines were issued on June 14, 2023, in order to prevent the menace of fake or bogus registrations. Instances have come to notice regarding unscrupulous elements …
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 …
Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report. Time Release Study (TRS) as a performance measurement tool aims to present quantitative measure of the cargo release …
