Search For "tax credit"
Discussing Challenges & Opportunities in Real Estate Development - Raj
Updated : 2 years, 2 months ago IST
New Delhi [India], May 30: Rajinder Singh Mann - The Director of Mann Development Ltd. and a renowned Real Estate Entrepreneur who has been an incredible source of inspiration for the industry of Real Estate Development. Today, Mann delves into the world of Canadian real estate development,
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Penalty of Rs 3.48 crore imposed on Vedanta for tax evasion
Updated : 2 years, 4 months ago IST
A penalty worth Rs 3.48 crore has been imposed on mining company Vedanta in a case pertaining to input tax credit during the periods 2018-19 and 2019-20, the company informed stock exchanges in a filing on Sunday.
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Meerut CGST Commissionerate busts syndicate and arrests three persons for
Updated : 2 years, 5 months ago IST
The Anti-Evasion branch of CGST Commissionerate, Meerut started an investigation in October 2023 into a large syndicate that fraudulently claimed Input Tax Credit (ITC) by way of fake billing.
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DGGI uncovers 1,700 fraudulent ITC cases worth Rs 18,000 cr in FY 2023-24
Updated : 2 years, 6 months ago IST
The Directorate General of GST Intelligence (DGGI) has unveiled 1,700 fake Input Tax Credit (ITC) cases involving a sum of Rs. 18,000 crore in the current financial year up to December 2023.
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29,273 bogus firms involved in suspected GST ITC evasion, 121 arrested: Fi
Updated : 2 years, 7 months ago IST
A total of 29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs 44,015 crore have been detected since mid-May 2023, an official statement issued by the Finance Ministry said on Sunday.
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IEA forecasts competitive e-fuels in aviation and shipping as supply expan
Updated : 2 years, 7 months ago IST
According to S&P Global Commodity Insights (GCI), this, in turn, could mitigate the impact on end-consumers as e-fuel supply scales up. E-fuels, derived from electrolytic hydrogen, represent a promising alternative for hard-to-abate sectors like aviation and shipping.
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US EV policy to boost free trade agreement nations in battery metal trade
Updated : 2 years, 7 months ago IST
According to S&P Global Commodity Insights, despite encouraging the inclusion of U.S.-sourced battery metals such as lithium, cobalt, and nickel in tax credit-eligible EVs, low domestic production levels are expected to keep the U.S. reliant on foreign producers.
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Cautious optimism in US ethanol markets for 2024 following near-3-year low
Updated : 2 years, 7 months ago IST
Despite a decline in values in the fourth quarter, US ethanol producers experienced positive margins throughout 2023, a noteworthy achievement in a decade marked by volatile industry conditions.
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Budget 2024-25: NAREDCO seeks funds for completing stressed and stalled re
Updated : 2 years, 6 months ago IST
In a letter to Union Finance Minister Nirmala Sitharaman, as part of its pre-budget recommendations by the apex real estate body, it further sought other budgetary support and relaxations, including allowing input tax credit under GST and incentives for rental housing, in order to achieve
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After its Success in 2022, Italian Screens Returns in 2023, Promising a Sp
Updated : 2 years, 8 months ago IST
New Delhi [India], December 8: Italian Screens - New Italian Cinema Goes Abroad, the acclaimed event dedicated to presenting the best of Italian cinema globally, and promoting the Italian Film Distribution Fund, production incentives, tax credits, and Italy's scenic filming locations, is sch
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DGGI detects Rs 1.36 lakh crore overall GST evasion in FY2023-24
Updated : 2 years, 10 months ago IST
According to an official press release from the Ministry of Finance, "Overall in FY2023-24, Rs 1.36 lakh crore has been detected as overall GST evasion (including fake ITC) and voluntary payment of Rs 14,108 crore has been made for the same."
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GST Council decides to cede right to tax extra neutral alcohol to states
Updated : 2 years, 10 months ago IST
The Law Committee will examine suitable amendments in the law to exclude ENA for use in the manufacture of alcoholic liquors for human consumption from the ambit of GST.
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