Fake Invoicing Racket Of Rs 338 Crore Busted In Assam, 2 Arrested

A whopping Rs 338 crore racket of fake invoicing has been unearthed by GST officials in a major bust of tax evasion scam in Assam.

Kerala Chief Minister Pinarayi Vijayan on Tuesday urged the central government to set up an AIIMS in the state as well as provide pending GST dues worth over Rs 4,500 crore.

An Odisha government agency working under the Goods and Services Tax (GST) directorate on Monday unearthed a racket that issued fake invoices to the tune of Rs 106 crore, which caused a loss of Rs 19.04 crore to the state exchequer in the form of in

Stating that GST council meetings have become "almost toxic" with the erosion of trust between the Centre and states, West Bengal Minister Amit Mitra urged Nirmala Sitharaman to consider a "course correction" to rebuild faith.

With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).

Supplying food to schools under mid-day meal scheme, pre-schools and anganwadis is exempt from GST, the Central Board of Indirect Taxes and Customs (CBIC) has said.

Senior Congress leader P Chidambaram on Wednesday said Finance Minister Nirmala Sitharaman is "wrong" in claiming that GST dues of states have been cleared and cited the example of Congress-ruled Rajasthan, Punjab and Chhattisgarh.

Amit Mitra said that the virtual link was snapped at a "critical time" during the 44th GST Council meeting on Saturday.

The GST Council in its meeting has decided to reduce rates on specified items being used in Covid-19 relief and management including Ambulances.

Minister of State (MoS) in the Finance Ministry Anurag Thakur has dismissed the remarks of West Bengal Finance Minister Amit Mitra, who claimed that he was not allowed to speak at the end of the GST Council meeting held in Delhi on Saturday.

West Bengal Finance Minister Dr Amit Mitra said his opposition to taxing items related to the Covid pandemic was ignored and muzzled today at the GST Council. Union Minister Anurag Thakur denied the charge.

Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.

A Covishield dose cannot cost more than Rs 780 a dose, Russia's Sputnik V will cost a maximum of Rs 1,145 a dose and Covaxin cannot be costlier than Rs 1,410 a shot. This includes Rs 150 in GST or Goods and Services Tax.

With startup culture thriving in India and the need for ‘going local’ becoming increasingly popular, we take a look at all the hottest tech startups grabbing headlines in the country. Gadgets 360 talks to ClearTax founder Archit Gupta to know about the company’s history, growth, and future plans. We also talk to experts to understand what this startup needs to d...