Search For "tax credit"
US lawmaker flags security, tax credit concerns over Ford's battery plans
Updated : 6 months, 3 weeks ago IST
Chairman John Moolenaar of the Select Committee on China has written a letter to Ford Motor Company CEO Jim Farley about the automaker's plans to produce data centre batteries using technology from CATL, a Pentagon-designated Chinese military company, according to a release by the Select Com
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"You're so lucky I'm with you": Trump's dig at Musk adds new twist to thei
Updated : 9 months ago IST
Donald Trump joked about Elon Musk while discussing tax benefits at an investment forum, revisiting their strained relationship. Musk later thanked Trump on X. Their exchange followed a White House dinner with the Saudi crown prince, signalling a possible improvement in relations between the
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Delhi: Rs 645-crore fake Input Tax Credit racket busted; key operator arre
Updated : 9 months, 1 week ago IST
The Directorate General of GST Intelligence (DGGI), Delhi Zonal Unit, has uncovered a massive case of fraudulent availment and passing of Input Tax Credit (ITC) through a web of 229 dummy GST-registered firms, controlled and operated by a Delhi-based syndicate, according to a statement from
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ED raids across five states in Rs 650-crore fake Input Tax Credit case
Updated : 10 months, 3 weeks ago IST
The Enforcement Directorate (ED) on Thursday launched search operations at multiple locations in Arunachal Pradesh, Haryana, Delhi, Tamil Nadu and Telangana in connection with a massive fake Input Tax Credit (ITC) case of around Rs 650 crore, officials said.
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Life insurance companies dismiss GST exemption concerns, see limited impac
Updated : 10 months, 3 weeks ago IST
Life insurance companies have dismissed concerns over the impact of Goods and Services Tax (GST) exemption on input tax credit, saying they have strategies in place to manage the situation.
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GST exemption may hit insurers in short term, but long-term gains likely:
Updated : 10 months, 3 weeks ago IST
Insurance companies are expected to face a setback in the short run following the GST Council's recent exemption on GST, as it could lead to the loss of input tax credit eligibility, said industry experts and executives, adding that the companies, however, will benefit in the long term.
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The Future of Accounting Software: Trends for 2025 and Beyond
Updated : 1 year ago IST
New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors,
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ED raids at 12 locations in Jharkhand, West Bengal, Maharashtra in Rs 750
Updated : 1 year ago IST
The searches have been underway since early morning under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
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DGGI Bengaluru Unit uncovers six shell companies with fraudulent invoices
Updated : 1 year, 1 month ago IST
In a follow up operation connected with investigation of a case initiated in Bengaluru, the officers of Directorate General of GST Intelligence, Bengaluru Zonal Unit, carried out searches in over six premises in Delhi, and uncovered fraudulent invoices worth over Rs 266 crore, involving avai
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Rassense Reports FY25 Revenue of INR 471 Cr, Reinforces Leadership in Cont
Updated : 1 year, 2 months ago IST
Chennai (Tamil Nadu) [India], June 4: Rassense Private Limited, India's largest domestically owned contract food services company, has announced its provisional financial results for the fiscal year ended March 31, 2025. The company reported a 29% year-on-year increase in revenue, reaching I
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Roll of 200 shell entities on ED radar in Gujarat GST fraud case
Updated : 1 year, 10 months ago IST
The Enforcement Directorate (ED) has broadens its ambit of investigation against an organized web of 200 fake and shell entities being operated by the accused persons in order to fraudulently receive and pass on fraudulent input tax credit to the tune of crores of rupees to ineligible firms
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Thane CGST & CX Commissionerate uncovers Rs 34.74 cr fraudulent ITC ra
Updated : 1 year, 11 months ago IST
During a series of follow-up searches, the authorities uncovered incriminating evidence including fake invoices, chequebooks, laptops, and pen drives containing details of the bogus firms.
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