India accuses Kia of $155 million tax evasion; automaker denies wrongdoing: Report
Feb 05, 2025, at 07:23 pm
New Delhi: India has accused South Korean car manufacturer Kia of evading $155 million in taxes by misclassifying component imports, a charge the automaker denies, Reuters according to a government document and two sources.
GST Intelligence uncovers tax evasion worth Rs 1.2 trillion since 2020
Aug 22, 2024, at 03:13 am
New Delhi: The Directorate General of GST Intelligence (DGGI) has uncovered tax evasion amounting to Rs 1.2 trillion through the use of fake input tax credits (ITC) from 2020 to the present, with a focus on identifying and apprehending the masterminds behind these operations and dismantling the syndicates operating across the country, the finance ministry said in a release on Tuesday.
Aug 21, 2024, at 05:29 am
Gandhinagar: Indian regulators have halted the approval of local family offices setting up investment funds in the country's new financial hub, due to concerns that these structures might be used to bypass taxes and capital controls, Bloomberg reported citing sources.
Taxman slaps GST demand of Rs 750 cr on Swiggy and Zomato
Nov 23, 2023, at 05:14 am
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
DRI alleges Customs duty evasion of Rs 4389 crore by Chinese phone-maker Oppo India
Jul 14, 2022, at 06:50 pm
After Xiaomi and Vivo, raids were conducted at the office premises of another Chinese phone maker Oppo and allegedly detected customs duty evasion of Rs 4389 crore, the finance ministry said.