
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
Famous singer Mika Singh has commented on the controversy related to Ranveer Allahabadia and Sama
Ashwin Kumar's animated film is doing wonders at the box office. The way the film has emerged as
RCB's star all-rounder Ellyse Perry created history in the Women's Premier League 2024 (WPL 2024)
Anant Ambani and Radhika Merchant's pre-wedding function has been in the news for a long time. It
A French reporter reporting live in Ukraine narrowly escaped a Russian missile attack. The video
The bomber of Sunday's bombing in the Turkish city of Istanbul has been arrested. Interior Minist
Karnataka Hijab Controversy: Karnataka Chief Minister Basavaraj Bommai said that the state govern
Earthquake News: Earth trembled twice in Nepal, magnitudes 4.7 and 5.3 on the Richter scale
Earthquake tremors have been felt in Nepal and Uttarakhand of India. According to the news agency
Amid the holy month of Ramadan, US President Donald Trump hosted the first Iftar Party at the Whi
Former Indian team head coach Ravi Shastri has given his opinion on whether captain Rohit Sharma