Rogue Tax Officer, 3 Lawyers, 500 Firms - Big GST Heist Uncovered In Delhi

A rogue tax officer, a trio of lawyers and a few other people masterminded a fraud, swindling Rs 54 crore from the Goods and Service Tax (GST) Department in the national capital.

Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.

Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.

Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.

West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.

Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.

Apex IT association Nasscom on Thursday came out in support of Infosys -- which is facing a Rs 32,403 crore GST notice, saying that the move reflected a lack of understanding of the industry's operating model.

IT services company Infosys has been issued a pre-show cause notice for alleged goods and services tax (GST) evasion up to Rs 32,403 crore.

Amid criticism of Budget 2024 from several quarters, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans.

Petrol and diesel could be taxed under GST (Goods and Services Tax) rather than VAT (Value Added Tax) if state governments agree to the proposal and fix a suitable rate, Finance Minister Nirmala Sitharaman told NDTV Profit Friday.

The government must remove or limit the 18 per cent Goods and Services Tax (GST) on mental health services, and allocate resources strategically to help India become a mentally resilient society, experts said.

"We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees," Chandanlal, who runs a Banarasi saree business said.

Currently being charged in Delhi and Bengaluru, the platform fee on Zomato and Swiggy is different from the delivery fee, GST, restaurant charges, and handling charges.

Gujarat Police has registered an FIR against a person for sharing a deepfake video of Union Finance Minister Nirmala Sitharaman on GST, state minister Harsh Sanghavi said on Tuesday.