Search For "input tax credit"
Pune: 2 arrested for issuing fake GST invoices of around Rs 700 crore
Updated : 6 years, 7 months ago IST
Pune (Maharashtra) [India], Oct 6 (ANI): Two people have been arrested by the Headquarter Preventive Wing of the Central GST Commissionerate here for allegedly issuing fake Goods and Services Tax (GST) invoices of approximately Rs 700 crore.
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Punjab: 3 held in Rs 100 cr bogus billing scam
Updated : 6 years, 7 months ago IST
Chandigarh (Punjab) [India], Sept 25 (ANI): Three persons were arrested in connection with the issuance of fake invoices and passing the bogus input tax credit to various firms to the tune of Rs 100 crore, an official statement said on Wednesday.
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Delhi: Racket busted, 4 held for issuing fake invoices to avail tax refund
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 14 (ANI): Four people were arrested for issuance of invoices without actual supply of goods and thereafter availing fraudulent Input tax credit for seeking Integrated Goods and Service Tax refunds, Finance Ministry said on Saturday.
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In biggest operation, CBIC cracks down on GST violators at 336 countrywide
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 12 (ANI): The Directorate General of GST Intelligence (DGGI) and Directorate General of Revenue Intelligence (DRI) launched a countrywide joint operation at 336 locations which involved 1200 officers from both agencies against exporters who were fraudulently claiming
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GST reforms to boost realty demand: Developers
Updated : 7 years, 2 months ago IST
Gurugram (Haryana) [India] Feb 28 (ANI): To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax rates for under-construction flats to five percent and affordable homes to one percent, effective from April 1, 2019. Currently, the GST is levied
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Reduced tax rate for real estate sector to bolster consumer sentiments: IC
Updated : 7 years, 2 months ago IST
New Delhi [India], Feb 26 (ANI): Credit rating agency ICRA said on Tuesday that lower GST rates for under-construction residential properties are expected to improve customer sentiment but removal of input tax credit may create short term disruption in sales and collections from ongoing p
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1 pc GST on affordable housing will give a boost to real estate sector, sa
Updated : 7 years, 2 months ago IST
New Delhi [India], Feb 24 (ANI): In an attempt to give a boost to the real estate sector, the Goods and Services Tax (GST) Council on Sunday decided to reduce the GST on affordable housing properties without input tax credit (ITC) to one per cent.
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GST on affordable housing properties reduced to 1 pc
Updated : 7 years, 2 months ago IST
New Delhi [India], Feb 24 (ANI): The Goods and Services Tax (GST) on affordable housing properties without input tax credit (ITC) has been reduced to one per cent, while effective GST of 5 per cent shall be applicable without ITC on residential properties outside affordable segment, which
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TEXPROCIL welcomes GST Council's decision to refund accumulated input tax
Updated : 7 years, 9 months ago IST
Mumbai (Maharashtra) [India], July 28 (BusinessWire India): The Goods and Services Tax (GST) Council took a series of decisions in its 28th meeting held on July 21.
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National Anti-Profiteering Authority goes online
Updated : 8 years, 1 month ago IST
New Delhi [India], Apr. 15 (ANI): In a bid to ensure timely grievance redressal for consumers, the National Anti-Profiteering Authority (NAA) launched the "Anti Profiteering" online community in association with a citizen-engagement platform, LocalCircles.
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Citizens 'upset' over GST, allege improper disbursal of benefits
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 11 (ANI): As the implementation of the Goods and Services Tax (GST) crosses 250 days, consumers through a survey highlighted that not enough benefits were flowing their way.
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50% increase in indirect taxpayers post GST
Updated : 8 years, 3 months ago IST
New Delhi [India], Jan 29 (ANI): There has been a fifty percent increase, a substantial 3.4 million in the number of indirect taxpayers post the introduction of Goods and Services Tax (GST), the Economic Survey 2017-18 noted on Monday.
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