
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
IND vs AUS: Jasprit Bumrah benefited from Mohammed Siraj's trick; Kangaroo team was stunned
It is very difficult for a match to take place between India and Australia and nothing unusual ha
Prime Minister Narendra Modi remembered those who were affected during Partition on the occasion
A terrible landslide following heavy rains has wreaked havoc in Wayanad district of Kerala. Lands
Due to inflation in Britain, the situation has become such that now along with the common people,
Many days have passed since the war between Israel and Hamas, but till now the war between the tw
The Supreme Court has refused to impose more restrictions on the freedom of speech of ministers,
'To please RSS...' Congress enraged by CPI leader's comment on Rahul and Priyanka
Congress and Indian Union Muslim League (IUML) leaders have strongly criticized the controversial
Tiger 3: After seeing Salman's new look in 'Tiger 3', fans are desperate, demanding Katrina's look.
Bollywood's Bhaijaan i.e. Salman Khan is continuously in the headlines for his upcoming film 'Tig
Twitter-Musk Deal: 'Gadde' expelled from Twitter had to apologize, Trump's account was banned
As soon as the world's richest man Elon Musk took over the reins of Twitter, micro-blogging site
The threat of increasing pollution at the global level is very harmful to all. This risk is incre