There are talks of North Block considering an 18 per cent GST on Bitcoin transactions. But, could there be a sin tax of 28 per cent, given its alleged nefarious status

DGGI learned that L&T, among others, had availed Input Tax Credit after furnishing alleged fake bills generated by alleged fake firms floated by brothers Ankur Mittal and Mukul Mittal. The DGGI had arrested the two brothers in October last year

The arrested chartered accountant is Abhishek Singhal, who ran fake firms to issue fraudulent invoices; he is the tenth chartered accountant arrested so far over GST invoice fraud charges

Thakur says existing laws are inadequate to deal with issue of digital currencies, which is why Centre has formed an inter-ministerial panel, and now bill is being finalised before it'll be sent to Cabinet

The BT MindRush theme, Post-Pandemic Paradigm, brought out how businesses evolved in possibly their toughest year ever

This year's budget was in the midst of the pandemic, but stayed on the path of 'AtmaNirbhar Bharat Abhiyan' that supplements the Make in India vision of the government

Budget 2021: All major airlines in India faced losses throughout the year. Many laid off hundreds of employees, sent them on leave without pay, or cut their salaries

Budget 2021: The digital currency platforms in India are quite hopeful that the government will make Bitcoin and other cryptocurrencies interoperable with the current banking infrastructure

Of the total GST collection, CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and Cess is Rs 8,622 crore

Making widescale digital education a reality will help attract FDI in the education sector, thereby enabling India to become an attractive destination for higher education at par with global standards

Eight chartered accountants have been arrested so far in fake invoice frauds; ICAI has been informed about these arrests and asked to take appropriate actions as per their own rules

The Bitcoin prices may have corrected about 25 per cent in last three days. It had shot through the roof over the last few months - from $6000-odd in April to $41,946.74 as on January 8, its all-time high. It hit a day's low of $30,549.60 on Monday

Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

Out of the 215 arrests so far, there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner

GST department's intelligence wing conducted survey at the offices following fraudulent input tax credit by its vendor  

The searches are being conducted for alleged tax evasion data submitted by the Directorate General of GST Intelligence (DGGI) to the tax department

The revenue department has already started sharing such information among its wings - direct tax, indirect tax and customs departments

A day after crossing $30,000, Bitcoin reached an all-time high of $34,544.94 on Sunday as the rally continued for the third day of 2021. It later gave up some gains to hover around $33,000

Bitcoin has seen an unprecedented rise this year, with its value witnessing a 240 per cent jump in 2020, giving investors better returns than other traditional mainstream investment platforms

GST collections in December 2020 showed an unexpected year-on-year growth of 11.6 per cent to Rs 1.15 lakh crore, the highest monthly GST collection so far