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Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
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Rs 266-Crore GST Invoice Scam Busted, Mastermind Arrested
In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies.
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"India Doesn't Work Under Pressure": Industry Body Ahead Of US Trade Deal
India does not take any decision under pressure from any country, Confederation of Indian Industry (CII) National President Rajiv Memani has said, asserting that New Delhi's interest will always be a priority as it nears a trade deal with Washington.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
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GST Collections Double In 5 Years To Record Rs 22.08 Lakh Crore In 2024-25
Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21, government data showed on Monday.
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New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
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Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
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Court Rejects Patanjali Ayurved's Petition Against Rs 273.5 Crore GST Penalty
A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial.
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GST Collections Above Rs 2 Trillion For Second Straight Month
Gross GST collections remained above the Rs 2 trillion mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore.
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Nirmala Sitharaman Responds To LinkedIn User's "Corruption In GST Registrations" Claim
Finance Minister Nirmala Sitharaman has responded to a social media post that claimed fraudulent activities in the GST registration process.
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Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday.
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Thane Businessman Allegedly Duped Of Rs 4.5 Crore In GST Fraud
A 60-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.5 crore by a man who carried out transactions through his company and evaded payment of Goods and Services Tax (GST), police said on Monday.
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
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Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
-
Rs 266-Crore GST Invoice Scam Busted, Mastermind Arrested
In a major crackdown on tax fraud, the Directorate General of GST Intelligence (DGGI), Bengaluru Zonal Unit, has unearthed a massive fake invoicing racket involving six shell companies.
-
"India Doesn't Work Under Pressure": Industry Body Ahead Of US Trade Deal
India does not take any decision under pressure from any country, Confederation of Indian Industry (CII) National President Rajiv Memani has said, asserting that New Delhi's interest will always be a priority as it nears a trade deal with Washington.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Rs 512-Crore Fake GST Scam Busted In Madhya Pradesh, Mastermind Arrested
In what could be one of the biggest GST frauds uncovered in central India, the Economic Offences Wing (EOW) has unearthed a fake invoicing scam worth Rs 512 crore and fraudulent Input Tax Credit (ITC) claims of Rs 130 crore.
-
GST Collections Double In 5 Years To Record Rs 22.08 Lakh Crore In 2024-25
Gross GST collections doubled in five years to reach an all-time high of Rs 22.08 lakh crore in the 2024-25 fiscal year, from Rs 11.37 lakh crore in FY21, government data showed on Monday.
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New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
-
Rs 100 Crore Fake GST Refund Scam Busted By CBI
The Central Bureau of Investigation (CBI) has launched a major crackdown in a case involving bogus GST refund claims amounting to nearly Rs 100 crore, allegedly orchestrated through fake export bills.
-
Court Rejects Patanjali Ayurved's Petition Against Rs 273.5 Crore GST Penalty
A division bench comprising Justices Shekhar B Saraf and Justice Vipin Chandra Dixit rejected Patanjali's argument that such penalties constitute criminal liability and can be imposed only after a criminal trial.
-
GST Collections Above Rs 2 Trillion For Second Straight Month
Gross GST collections remained above the Rs 2 trillion mark for the second month in a row, rising 16.4 per cent in May to over Rs 2.01 lakh crore.
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Nirmala Sitharaman Responds To LinkedIn User's "Corruption In GST Registrations" Claim
Finance Minister Nirmala Sitharaman has responded to a social media post that claimed fraudulent activities in the GST registration process.
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Paytm Says Top Court Stays Rs 5,712 Crore GST Notice Sent To First Games
The Supreme Court has granted a stay on a Rs 5,712-crore GST notice sent to fintech firm One97 Communications-owned real money gaming platform First Games, a regulatory filing said on Saturday.
-
Thane Businessman Allegedly Duped Of Rs 4.5 Crore In GST Fraud
A 60-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.5 crore by a man who carried out transactions through his company and evaded payment of Goods and Services Tax (GST), police said on Monday.
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
