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Total 83 results found. Search for [ fake Input Tax Credit ]

Results 1 to 21 of 83
Dipak Mondal
New Delhi, March 31, 2021
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers


BusinessToday.In
March 26, 2021
Kumar was involved in creating and operating fake firms using identification documents of his friends and employees, the Finance Ministry said in a release.


BusinessToday.In
March 11, 2021
DGGI nabbed the accused on March 9 and produced him before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial days custody


PTI
March 9, 2021
In reply to a separate question, Minister of State for Finance Anurag Singh Thakur said the income tax department has detected undisclosed income of Rs 2,223.88 crore between April-December of the current fiscal


BusinessToday.In
March 9, 2021
Fake GST invoice racket: Out of the 357 arrested thus far, at least four people have been booked under COFEPOSA (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act)


Dipak Mondal
March 8, 2021
A GSTN spokesperson says the idea behind the new feature is to check the practice of circulation of ITC within a company


BusinessToday.In
March 7, 2021
The two companies were found to be indulging in unaccounted cash, bogus cash credits, bogus outstanding sundry creditors, unaccounted gold bullion purchases, and wrongful bad debts


BusinessToday.In
March 5, 2021
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
March 5, 2021
As per the initial probe, a layer of \"genuine-looking fictitious\" intermediatory companies was created to pass on \"bogus ITC\" from non-existent and fake firms to the Essel Group companies without actual supply of any goods or services.


PTI
February 28, 2021
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'


Dipak Mondal
February 26, 2021
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


Dipak Mondal
February 23, 2021
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


PTI
February 15, 2021
GST officers arrest 4 persons in 3 fake cases of input tax credit of Rs 178 crore


PTI
February 9, 2021
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


BusinessToday.In
January 24, 2021
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


Dipak Mondal
January 10, 2021
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


Rukmini Rao
January 7, 2021
GST department's intelligence wing conducted survey at the offices following fraudulent input tax credit by its vendor  


BusinessToday.In
January 4, 2021
According to Finance Secretary Ajay Pandey, the officials were able to arrest tax evaders because of the data taken from agencies like Income Tax Department, Customs unit, FIU and GST department, and banks


Dipak Mondal
January 4, 2021
The revenue department has already started sharing such information among its wings - direct tax, indirect tax and customs departments


BusinessToday.In
December 27, 2020
CBIC on December 24 notified certain changes to the GST rules, asking businesses with a monthly turnover of over Rs 50 lakh to mandatorily pay at least 1 per cent of their GST liability in cash


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