The Central Goods and Services Tax (CGST) authorities in Siliguri have initiated a wide-ranging investigation into several works contractors engaged in executing government infrastructure projects over alleged irregular utilisation of Input Tax Credit (ITC) running into crores of rupees.
A major manufacturing company in the iron and steel sector was found involved in availing bogus GST invoices and utilising ineligible Input Tax Credit (ITC) amounting to ₹47.50 crore to offset its GST liabilities, thereby causing a significant loss to government revenue.
The crisis-ridden IndiGo received a tax penalty notice of Rs 58.75 crore on December 11 from the Additional Commissioner of CGST, Delhi South Commissionerate, for the financial year 2020-21, the company announced on Friday.
The Anti-evasion Branch of the Central Goods & Services Tax (CGST) Delhi South Commissionerate has arrested a key individual for orchestrating the evasion of Goods and Services Tax (GST) of approximately Rs 16.30 crore.
Siliguri CGST & CX Commissionerate has initiated action against a prominent watch manufacturer, located in Sikkim, for allegedly availing benefits under the budgetary support scheme, 2017 in violation of the scheme’s provisions.
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.
