
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
Taking advantage of the fog, Pakistani smugglers are continuously sending weapons and drugs to th
Former Indian captain Sourav Ganguly is almost certain to step down from the post of BCCI Preside
CBI raids AAP leader Durgesh Pathak's house, Atishi says- We are not afraid of BJP's threats
The CBI team raided the house of Aam Aadmi Party leader and Gujarat co-in-charge Durgesh Pathak o
Following instructions from the Food Safety and Standards Authority of India (FSSAI), the Delhi F
In the ongoing campaign for the Gujarat elections, Congress leader Mallikarjun Kharge once again
Controversy is continuously increasing over the alleged controversial statement given by Tamil Na
Nationalist Congress Party (NCP) leader Baba Siddiqui was shot dead in Mumbai on Saturday night.
Visa can be cancelled if you commit a crime in America. The US Embassy in India has warned that v
BSP supremo Mayawati congratulated the people of the state on Ambedkar Jayanti. During this, he a
Why did Modi-Modi slogans, Arvind Kejriwal laughed and explained the reason
Delhi Chief Minister and Aam Aadmi Party convener Arvind Kejriwal campaigned for the party in Guj