New Delhi [India], Mar 3 (ANI): The GST authorities have busted a major racket in West Delhi of fake invoicing of Rs.7,896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1,709 crore using a network of 23 shell companies, the Union Finance Ministry said in a statement on Tuesday.
New Delhi [India], July 05 (ANI): Exemption from basic customs duty on import of defence equipment not manufactured in India will augment defence budget with over Rs 25000 crores over the next five years, said Defence Minister Rajnath Singh on Friday.
New Delhi [India], Dec 3 (ANI): The Delhi High Court on Monday issued notices to Union Finance Ministry, Delhi government and Union Ministry of Social Justice and Empowerment to respond to a writ petition filed by a differently-abled person for getting a refund on excess tax paid by him.
New Delhi [India], Nov 21 (ANI): Central Board of Indirect Taxes and Customs (CBIC) chairman S Ramesh has said that refund is attended to as a top priority by his organisation, which comes under the Department of Revenue, Union Finance Ministry. "Refund is being granted on a daily basis b
New Delhi [India], Nov. 13 (ANI): The Union Finance Ministry on Sunday advised the banks to increase the cash withdrawal limit at ATMs from the existing Rs. 2,000 to Rs 2,500 per day in the recalibrated ATMs and to increase the exchange limit over the counter from the existing Rs 4,000 to Rs