A large-scale GST refund scam involving fake exports to Bhutan has come under the scanner of the Central Goods and Services Tax (CGST) Siliguri Commissionerate, with officials uncovering fraudulent refund claims running into hundreds of crores over the past few years.
Several manufacturing units in Sikkim are under investigation for allegedly availing undue benefits under the Scheme of Budgetary Support, 2017, introduced under the GST regime.
India’s gross Goods and Services Tax (GST) collections for the month of May rose by 16.4% year-on-year to over ₹2.01 lakh crore, according to government data released on Sunday.
In a major crackdown, a Central Goods and Services Tax (CGST) team has uncovered a fraud on a large-scale involving fraudulent input tax credit (ITC) claims amounting to nearly Rs 7.85 crore by a South Delhi-based chartered accountant who has been arrested, it was announced on Thursday.
In a major crackdown on the Goods and Services Tax fraud, the CGST, South-Delhi commissionerate has unearthed alleged fraudulent Input Tax Credit (ITC) claims amounting to approximately Rs 7.85 crore by a chartered accountant.
IndusInd Bank's share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues.
A senior customs officer, his mother and his sister were found dead at his official residence at Kakkanad in Kochi.
CII Eastern Region, today, facilitated an interactive session with Shrawan Kumar, IRS, chief commissioner, CGST & Central Excise Kolkata and Manoj Kumar Kedia, IRS, principal commissioner, CGST & Excise Kolkata, with various industry stakeholders in Kolkata.
Surjit Bhujabal, Member (Customs), Central Board of Indirect Taxes and Customs (CBIC), said the empowerment of women entrepreneurs for inclusive development is important.
It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.
