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Tag: Central Excise

3 Results

  • Biggest GST scam detected in Chennai, businessman arrested

    Biggest GST scam detected in Chennai, businessman arrested

    Accused allegedly issued fake GST invoices worth more than Rs 2,000 crore to various companies without supplying goods and availed input tax credit worth Rs 265 crore

    February 13, 2019
  • Finances of the Nation ~ II

    Finances of the Nation ~ II

    The political reluctance in matters of taxation and enforcement is pronounced. Governments lose several thousand crore each year owing to collusion between revenue officers and assessees. There is very limited reconciliation of revenues between revenue collection agencies, their accounts officers and receiving banks. CAG’s customs audit report for 2015-16 reports that 89 indirect tax commissionerates …

    March 10, 2017
  • Direct, indirect tax collections up

    Direct, indirect tax collections up

    The Central government on Friday reported that direct tax collections continued to show a steady growth till February 2017 and were up by 10.7 per cent from the year-ago period. The net Indirect tax collection up to February 2017 stood at Rs.7.72 lakh crore.  "The collection net of refunds stands at Rs.6.17 lakh crore, which is 10.7 per …

    March 10, 2017