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ITC can't be denied under GST even when post-supply discounts received: AAR

Value of supply would stand reduced, while tax liability remains as it is: Andhra authority ....

Saurabh Agarwal , Andhra Pradesh , Vedmutha Electricals , Income Tax , Input Tax Credit , Gst Input Tax Credit , Ost Supply Discounts , Tax Liability ,

Rs 824 crore GST fraud detected; ICICI Prudential among 15 insurance firms under scanner

The probe revealed that ICICI Pru had availed and utilised ineligible ITC without the underlying supply of goods or services. "They have voluntarily paid Rs 100 cr in cash under section 74(5) of CGST Act, 2017 during the investigation," the statement said.

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Directorate General , Mumbai Zonal Unit , Cgst Fraud , Gst Evasion , Icici Prudential , Gst Input Tax Credit , Umbai Gst Tax Fraud , Cici Prudential Fraud ,

Local firm in Mumbai booked for GST evasion of Rs 78 crore

The CGST Bhiwandi Commissionerate in Mumbai Zone registered a case against a private firm for non-payment of the GST. The firm evaded the GST, amounting to Rs 78 crore. ....

Bhiwandi Commissionerate , Goods Service Tax , Service Tax , Input Tax Credit , Gst Tax Evasion , St Tax Evasion Mumbai , St Tax Local Firm Fraud , Gst Tax , Gst Input Tax Credit ,

Changes likely in GST framework this year, says Revenue Secy

On capital gains, Tarun Bajaj said, "I think the capital gains provisions need a serious review. We have made too many categories in capital gains." ....

Services Tax , Confederation Of Indian Industry , Union Budget , Revenue Secretary Tarun Bajaj , Indian Industry , Tax Credit , Finance Ministry , Revenue Secretary , Finance Minister , Gst Input Tax Credit , Input Tax Credit , Tarun Bajaj , Nirmala Sitharaman , Vii Event ,

GST intelligence uncovers Rs 43 crore ITC fraud in Gurugram, one arrested

GST intelligence uncovers Rs 43 crore ITC fraud in Gurugram, one arrested
DGGI nabbed the accused on March 9 and produced him before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial days custody
BusinessToday.In | March 11, 2021 | Updated 16:41 IST
These shell companies generated sham invoices without supplying goods or services worth Rs 237.98 crore and passed on fake ITC worth more than Rs 43 crore
Gurugram Zonal Unit (GZU) of the Directorate General of GST Intelligence (DGGI) has arrested one Ravinder Kumar alias Ravinder Garg in connection with input tax credit fraud worth Rs 43 crore. The DGGI officials conducted raids across multiple locations in Delhi and Haryana. According to officials, the accused kept changing his location frequently and was caught after a long period of monitoring and active surveillance. ....

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