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Ranchi: The Central Goods and Service Tax (CGST) department has unearthed scam worth Rs 300 crore in which companies used fake bills and invoices to generate input tax credits (ITC). The CGST said in a press statement that fake ITCs were transferred to other companies which used them to claim undue tax benefits from the government on their products. This led to a revenue loss of 26.51 crore to the government. The irregularities were detected during data analysis of 17 firms based in Jharkhand. During inquiry it was found that five firms had one address while another group of seven firms also had a single address. Further verification revealed that all these firms did not have an office at the given addresses. Furthermore, the addresses of several other firms were found to be wrong. ....
– Concessional rates of power, water and other utilities. – VAT on ATF 1% or less in RCS airports. • Central Govt.- – ATF drawn by SCA’s from RCS airports exempt from excise duty. – SCA’s to be treated at par with SOPs for customs duty. – Cost-effective security solutions by BCAS and state government. 2. Scheduled Commuter Airlines (SCA) – Eligibility criteria in terms of paid-up capital to be kept at Rs 2 crore. – Aircraft with capacity of 100 seats or less. – No restrictions on number of aircrafts. – Minimum movements per week to RCS destinations as prescribed. – SCA can enter into code share with other airlines. – Will be allowed self- handling. ....
JLL Reports Exceptional Second-Quarter 2021 Top and Bottom-Line Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Nifty scales 16K mark for first time, Sensex hits record high: Key factors that fuelled the rally The 50-stock index zoomed 163 points to a record high of 16,048, signaling the underlying bullish sentiment despite rising coronavirus cases and fears of high inflation Sensex, too, rallied to a record high of 53,402, rising 452 points against previous close of 52,950. Aseem Thapliyal Updated Aug 03, 2021, 2:13 PM IST Nifty scaled the key 16,000 mark today as across the board buying despite subdues global cues lifted market sentiment. The 50-stock index zoomed 163 points to a record high of 16,048, signaling the underlying bullish sentiment despite rising coronavirus cases and fears of high inflation. ....