GST officials have caught tax evasion of Rs 824 crore by 15 insurance companies, intermediaries, and banks. They were evading tax by issuing fake challans. Based on confidential information, GST Intelligence Officers of Mumbai Zone conducted searches at the premises of insurance companies, intermediary entities/branding companies, and Non-Banking Financial Companies (NBFCs) in several cities.
During searches, it was found that these companies had availed of Input Tax Credit (ITC) without supplying goods or services under the guise of marketing services, officials said on Thursday. Along with this, they were also making fake challans in collusion with each other.
Several other cases were also detected during the search. These companies have so far paid only Rs 217 crore in tax. The investigation is going on in the matter.
Also Read: Ganga Expressway: Adani Group gets financial closure for 'Ganga Expressway Nirman', know details
Allu Arjun: After vandalism, Allu Arjun's children had to leave the house, the video is making headlines
Allu Arjun's children Ayaan and Arha were spotted being taken to a safe place hours after the attack on his residence in Jubilee Hills, Hyderabad. On Sunday, December 22, eight members of Osmania
There will be 3 waves of corona in China: 1 million deaths expected next year; People are still hesitant about the vaccine
After the end of strict restrictions in China, the cases of corona are increasing once again. Two thousand patients were confirmed here on Sunday, but experts believe that this figure will increase
The outbreak of the NB.1.8.1 variant is increasing worldwide, what are the symptoms of the new form of Covid? WHO issued an alert
The World Health Organization (WHO) has alerted people that the new variant of Covid-19 found in China is increasing rapidly in some parts of the world and is currently spreading in South-East Asia,
The Supreme Court ordered the Yamuna River Board to hold a meeting regarding the water crisis in Delhi
The Supreme Court has asked the Upper Yamuna River Board to call an emergency meeting with all stakeholder states to resolve the water crisis in Delhi. The Supreme Court asked the board to hold a
Shubhanshu Shukla left Earth from space. Know at what time the Dragon spacecraft will reach Earth today
Gaganyaatr Shubhanshu Shukla, who hoisted the Indian flag for the first time on the ISS and raised the pride of more than 140 crore Indians to the seventh heaven, is returning after a historic space
Madhuri Dixit: 'I will choose you every time', husband Ram Nene wishes Madhuri Dixit on her 58th birthday
Today is the birthday of Bollywood actress Madhuri Dixit. On this special occasion, her husband Shri Ram Nene has shared a post on social media expressing his feelings. In this post, Ram has written
Budaun Case: There was an attempt to communalize the double murder in Budaun, and police foiled the plan.
(Budaun Double Murder Case) A few people were trying to give a communal form to the murder of two innocent children. There were some mischievous elements behind the suddenly deteriorating atmosphere.
IPL 2025 Auction: Father had sold his land to make Vaibhav a cricketer, now the son has made him proud in the auction
Vaibhav Suryavanshi was 10 years old at the time. His father, Sanjeev, had decided that he wanted to make his son a cricketer. To fulfill this dream, he sold his land, but he did not know that within
'If there is a war, Pakistan will cease to exist, Defense experts warn, said- Pakistan will be split into pieces.
Amid tensions between India and Pakistan, former army soldiers and defense experts have warned the neighboring countries. Defense expert chief Sanjeev Srivastava and army veterans have warned that
Baba Siddique Murder Case: Why did Shahrukh Khan not attend his close friend's last rites? This is the reason given.
Nationalist Congress Party (NCP) leader Baba Siddiqui was shot dead in Mumbai on Saturday night. Baba Siddiqui's last rites were performed with state honors at Mumbai's Bada Kabristan on Sunday. From
