Friday, November 15, 2024
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GST officers arrest 4 in 3 different cases of ITC fraud of ₹178 crore

The Finance Ministry had arrested four persons in different cases of fraud claim of input tax credit. "The officers of Central Goods and Services...

Traders’ body to release white paper on state of GST regime

Due to raising concerns in GST tax regime, traders’ association has called for a traders' strike on February 26. CAIT has called it a...

GST raid yields Rs 80 lakh, illegal documents

Ludhiana GST Department had seized  Rs80 lakh and a bunch of incriminating documents, including multiple bills, receipts and cheque books. The firm was engaged...

GST officers to immediately suspend taxpayer’s registration for ‘significant anomalies’ in sales return

To curb tax evasion, GST officers will now suspend registrations of those taxpayers whose returns are not properly filed. CBIC has issued a standard...

National Pension System: Lesser-known income tax, GST benefit that NPS scheme beneficiaries must know

NPS helps not only in reducing the taxable income but also to lead a food life post retirement. SEBI registered tax and investment expert...

ICAI wants FM to withdraw Budget proposal on doing away with GST audit

In a recent Budget, the Finance Ministry had taken away the requirement of GST Audits by Chartered Accounts. Consequently, Institute of Chartered Accountants of India had asked...

₹427-crore bogus GST billing racket busted in Ludhiana, two held

Ludhiana Central GST Commissionerate had GST racket of 32 bogus firms that claimed fake ITC to the tune of Rs. 65 crore via fake bills...

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