The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved in the transactions have come to light so …
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of Ministry …
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of Ministry …
The Indian Government has issued certain guidelines in its campaign of MSME support & Outreach where it has asked all the head of the departments of public sector banks to do the detail analysis of issues and progress done in the credit facility that are faced by MSMEs. The main effort of the Government is …
The gross GST revenue collected in the month of November, 2019 is Rs 1,03,492 crore of which CGST is Rs 19,592crore, SGST is Rs 27,144crore, IGST is Rs 49,028crore (including Rs 20,948crore collected on imports) and Cess is Rs7,727 crore (including Rs 869 crore collected on imports). The total number of GSTR 3B Returns filed for the month of Octoberup to 30th November, 2019 is 77.83 lakh. The government has settled Rs …
CCI approves acquisition by Amazon.com in Future Coupons About Acquirer Company – The Acquirer, NV Investement Holdings LLC, is globally engaged in the business of making investments in other companies. It is a direct subsidiary of Amazon.com, Inc. (“ACI”) and belongs to the Amazon group. ACI is the ultimate parent entity of the Amazon group. …
The finance minister has already formed a notice for the e-assessment Scheme formed in 2019. It will be further incorporated for conducting faceless scrutiny assessment of Income Tax Return (ITR). The scheme further involves the formulation of e-assessment centres at national and regional levels. It will further input in the auto-allocation of cases among the …
About National Corporate Social Responsibility Awards (NCSRA): The Awards have been instituted in 2017 subsequent to the recommendations of the High Level Committee on CSR. Objectives: a) increase competition in various categories of companies to infuse excellence in their CSR activities b) encourage companies to spend the entire amount i.e. eligible CSR spend c) recognise …
Financial Crux of Budget 2019 2017-18 (Actuals) 2018-19 (Revised Estimates) 2019-20 (Budget Estimates) Revenue Receipts (Like Income Tax, GST, Dividends from PSU’s & Banks ,Interest on Government Lending Etc.) 14,35,233 Cr. 17,29,682 Cr. 19,77,693 Cr. Capital Receipts (Recovery of Loans, Funds Raised from PPF, small saving deposits etc.) 7,06,742 Cr. 7,27,553 Cr. …
Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) arrests two businessmenin a case of fraudulent issuance of Input Tax Credit (ITC) invoices without actual supply of goods, involving evasion of approximately Rs. 79.21 crore on the taxable value of concocted supplies of Rs.450 crore. Gurugram Zonal Unit of the Directorate General …