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The Director General of Goods and Services Tax Intelligence (DGGI) has launched an investigation into ride-hailing firms Uber and Ola. The DGGI has issued summons to officials of the two companies related to alleged tax evasion worth hundreds of crores of rupees, according to the sources. The tax liability dues for Uber India has reportedly been calculated as about Rs 800 crore, while as for Bengaluru-based Ola, it has been set at around Rs 300 crore. However, according to the industry sources, two different tax intelligence teams based in different cities have calculated the dues for the companies and sent the notices based on their interpretation. “This has resulted in the calculation of the tax at the rate of 15 per cent for Uber and 6 per cent tax for Ola,” said an industry source. ....
32 cases booked, 17 held for GST fraud Updated: Updated: Cases involve multiple bogus or non-existent entities allegedly found to be claiming input tax credits Share Article Cases involve multiple bogus or non-existent entities allegedly found to be claiming input tax credits At least 32 fresh cases were booked and 17 persons, including the managing director and accountant of a Chennai-based firm, have been arrested over the past two days for frauds related to the Goods and Services Tax (GST), revenue department sources said on Sunday. These cases involve multiple bogus or non-existent entities across the country, allegedly found to be claiming input tax credits (ITC) worth at least ₹384 crore, for supplies of goods ranging from medicines to coal and cement, and even services like providing manpower. ....