The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...

The Directorate General of GST Intelligence (DGGI ... The total value of fake invoices involved in the scam amounts to over Rs 3,200 crore, she said. The investigation uncovered 15 dubious companies ...

Walmart founder Sam Walton receiving the presidential Medal of Freedom award from president George H.W. Bush in 1992. © 2024 Fortune Media IP Limited. All Rights ...

The industry argues that the current GST rate poses a significant cost burden, hindering its competitiveness and impacting employment within the sector. “We seek rationalisation of taxes and ...

He was accused of issuing fake GST invoices to claim ₹5.08 crores as input tax credit without actual supply of goods or services. The ICAI’s disciplinary committee found the petitioner guilty and ...

The Goods and Services Tax (GST) regime continues to pose challenges for tech firms, particularly in the software services sector. To ease the burden on businesses, the industry is advocating for a ...

If the GST invoice number ... businesses can adopt an invoice number format starting with the financial year like 2017-XXXX, wherein the XXXX could be numerals for easily keeping track of the number ...

E-invoicing under GST is mandated for entities ... in a state for applicability of e-invoice. If aggregate turnover exceeds the specified limit then e-invoice will be applicable on all branches.

GST officers are now required to provide a clear explanation of the “grounds of arrest” to a taxpayer, who is being placed under arrest for alleged tax evasion, fake invoices, fraudulent input tax ...

Central Board of Indirect Taxes & Custom (CBIC) has notified 18 per cent GST on sale margin of old and used electric vehicles and smaller petrol & diesel cars. Also, 5-star hotels with room tariff ...

Members of the restaurant industry are calling on the federal government to make the GST holiday permanent, even though some businesses have yet to see much impact from the tax break. Some business ...