The officers of CGST Commissionerate have unearthed a network of fictitious firms which 'was being operated by one Vishal, who is an advocate by profession and was practising law in Karkardooma Court'

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

According to the Income Tax department, the group is in the practice of buying large chunks of land parcels in piecemeal and aggregating them

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

PM Modi said that his government is sensitive to concerns of the middle-class and so has focussed on raising the share of ethanol mixing in petrol

GST officers arrest 4 persons in 3 fake cases of input tax credit of Rs 178 crore

The Central Board of Indirect Taxes and Customs (CBIC) has issued an SOP for suspension of registration of a person on the observance of such discrepancies/anomalies which indicate violation of the GST Act

Through the use of extensive data analytics, officers of Delhi East GST were able to identify and unravel a network of 46 fake firms which were operating since 2017 and had passed on fake ITC to multiple of beneficiaries

The focus on self-reliance, innovation, research and development, infra capex and digital payments in Union Budget 2021 would definitely help in lifting the Indian economy from under $3 trillion to $5 trillion in the near term

With a fiscal deficit of 9.5% of GDP, there was limited scope for any significant tax concessions in Budget 2021

The Budget ticked all the right boxes which would strengthen the path of recovery of the economy. This is a budget catering to all aspects of lives, livelihoods and growth, said Kotak

The government has proposed to reduce deadline for filing belated, revised ITR by three months from March 31 of the relevant assessment year to December 31 of the assessment year

The finance minister is being assisted by a team of advisers and secretaries in making Union Budget 2021 tasked with the mission to pull the economy from the deep abyss

Budget 2021: Deemed to be one of the fastest growing sectors, the gems and jewellery industry is highly export oriented and labour intensive

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

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

All eyes are on the budget as the government walks a tightrope of balancing growth and fiscal concerns. Effective implementation of the proposed budget will be key

All eyes are on the budget as the government walks a tightrope of balancing growth and fiscal concerns. Effective implementation of the proposed budget will be key

Srivastava, who was compulsorily retired by the government on June 11, 2019 on charges of corruption and misconduct, had no jurisdiction to pass the orders, the tribunal observed