Andhra Pradesh Emerges As Fastest Growing Economy Post Lockdown Apr 12, 2021, 13:04 IST
Even as the Covid-19 pandemic impacted businesses in India, the southern state of Andhra Pradesh has emerged as one of the fastest-growing economies in the country after the lockdown.
The last financial year of 2020 saw a growth in business transactions from the months of June to March after the lockdown.
While Delhi, the national capital, and Maharashtra the financial capital saw a decline in business, Andhra Pradesh recorded the highest growth rate among the southern states at 8.83 per cent. These details were revealed by the statistical report released by the GST Council.
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India Business News: NEW DELHI: Thousands of GST non-filers, or those who did not file returns, have received an auto-generated letter from the authorities, asking them to.
Mumbai businessman nabbed for Rs 31 crore GST fraud
IANS / Updated: Jan 15, 2021, 18:02 IST
Representative image
Mumbai: In another crackdown, Maharashtra Goods and Services Tax (GST) sleuths arrested a businessman in connection with an alleged Rs 31 crore
GST fraud, a statement said on Friday.
According to a
GST statement, accused Anuj Gupta, who has five registered firms, including two in the Union Territory of
Dadra and
Vile Parle.
He was produced before an Additional Chief Metropolitan Magistrate which sent him to 14 days judicial custody.
Giving details, the GST Department said that the accused had shown bogus purchases of around Rs 272 crore and available fake Input Tax Credit of more than Rs 31 crore without actually buying goods or services.