November 23, 2024 01:13 (IST)
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'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma

GST Intelligence uncovers tax evasion worth Rs 1.2 trillion since 2020

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.

Jolt to India's rich planning investments abroad via GIFT city as govt halts approvals over tax evasion concerns

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

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

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.