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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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Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
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Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
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Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
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US President's Son Hunter Biden Pleads Not Guilty In Tax Offences Case
U.S. President Joe Biden's son Hunter Biden pleaded not guilty to tax charges on Wednesday, after a federal judge in Delaware said she needed more time to review a proposed deal with federal prosecutors to avoid a felony gun charge.
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US President's Son Hunter Biden In Court To Plead Guilty To Tax Offences
U.S. President Joe Biden's son Hunter Biden arrived at a Delaware courthouse on Wednesday where he is expected to plead guilty to two misdemeanor charges of willfully failing to pay income taxes, part of a deal that allows him
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GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
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Special Anti-Corruption Courts In Every District? Supreme Court To Hear Plea Next Week
Supreme Court is scheduled to hear on October 31 a plea seeking to establish special anti-corruption courts in every district to decide cases related to various economic offences like money laundering and tax evasion within one year.
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Madhya Pradesh Looks For Evidence To File Case In Cash-For-Vote Row
The Madhya Pradesh Economic Offences Wing has registered a general preliminary enquiry to decide if there is enough evidence to register an FIR following a letter by state government's general administration department (GAD) in connection with the alleged cash in poll row during 2019 Lok Sabha elections which was reportedly unearthed by Income Tax ...
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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.
-
Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
-
Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
-
Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
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US President's Son Hunter Biden Pleads Not Guilty In Tax Offences Case
U.S. President Joe Biden's son Hunter Biden pleaded not guilty to tax charges on Wednesday, after a federal judge in Delaware said she needed more time to review a proposed deal with federal prosecutors to avoid a felony gun charge.
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US President's Son Hunter Biden In Court To Plead Guilty To Tax Offences
U.S. President Joe Biden's son Hunter Biden arrived at a Delaware courthouse on Wednesday where he is expected to plead guilty to two misdemeanor charges of willfully failing to pay income taxes, part of a deal that allows him
-
GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
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Special Anti-Corruption Courts In Every District? Supreme Court To Hear Plea Next Week
Supreme Court is scheduled to hear on October 31 a plea seeking to establish special anti-corruption courts in every district to decide cases related to various economic offences like money laundering and tax evasion within one year.
-
Madhya Pradesh Looks For Evidence To File Case In Cash-For-Vote Row
The Madhya Pradesh Economic Offences Wing has registered a general preliminary enquiry to decide if there is enough evidence to register an FIR following a letter by state government's general administration department (GAD) in connection with the alleged cash in poll row during 2019 Lok Sabha elections which was reportedly unearthed by Income Tax ...
