GST Officials Arrested Businessman For Using Fake Rs 60 Crore Bills

The owner of a steel company in Maharashtra's Thane district has been arrested for allegedly availing input tax credit using fake invoices to the tune of Rs 60 crore, an official said on Thursday.

The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents.

The Aam Aadmi Party (AAP) on Monday raised the Pegasus spyware issue at an all-party meeting and demanded a discussion on it during the Budget Session of Parliament.

FADA has given its recommendations to the Ministry Of Finance, to assist the automotive industry, as well as provide relief in the used-vehicle space.

Finance Minister, Nirmala Sitharaman will be announcing the union budget for FY2023 on February 1, 2022, and like all other industries, the auto sector is also eagerly waiting to see what is in store for them.

GST officers have busted a syndicate involved in the creation of fake firms and bogus invoices which led to a GST evasion of Rs 362 crore, the finance ministry said on Thursday.

GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.

A joint commissioner of the Goods and Services Tax (GST) went missing from his office in Mumbai's Mazgaon area on Wednesday, police sources said.

Considering the automobile business to be one of the leading businesses in any given country, it has affected India. The price of the car increased by a huge amount, but the method of implication made it quite different too.

The Delhi government's Goods and Services Tax (GST) department on Saturday unearthed a Rs 347-crore "fake billing scam" involving 11 firms and one person was arrested in connection with it, according to an official statement.

After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.

After the massive tax evasion of GST by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence has come down heavily on Cryptocurrency exchanges operating in the country, said sources.

Food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate starting today, a move which will widen the tax base as food vendors who are currently outside the GST threshold will become liable to GST.

GST Mumbai East Commissionerate detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.2 crore in cash pertaining to GST evaded, interest, and penalty from the cryptocurrency exchange WazirX.