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CBIC CRACKDOWN
Finance Minister Sitharaman asks CBIC to settle classification issuesThe tax officials under GST has detected fake ITC evasion of ₹.1.14 lakh crore from the year 2020 till date. "Fake entities and GST evasion...- FM Sitharaman asks GST officers to leverage tech to plug loopholes, better taxpayer servicesFinance Minister Nirmala Sitharaman urged GST officers to leverage technology, share best practices, and ensure seamless coordination acros...
- CBIC issues SoP to check use of freebies, liquor to lure voters during electionsThe CBIC has come out with detailed instructions for tax officers to implement the directions of the Election Commission with regard to the...
- CBIC gets poll ready; plans crackdown on use of cash, liquor and freebies during electionsThe board has prepared a detailed vigilance mechanism which includes a dedicated control room manned by a nodal officer in each state, dail...
- Penal action likely for fake GST bills"We are thinking of some other measures and we will take them through the due process of the law committee and GST Council," Central Board ...
- DGGI cracks down on Cryptocurrency exchanges across country, Rs 70 crore tax evasion detected"The DGGI is investigating Coinswitch Kuber by M/s Bitcipher Labs LLP, CoinDCX by M/s Neblio Technologies PVT. LTD., BuyUCoin by M/S I Bloc...
- GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 peopleDuring 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested.
- Government crackdown on 7,000 GST evaders, 185 arrestedThe government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax evaders alongside pi...
- Panel to give feedback on new GST systemThe Goods and Services Tax Network (GSTN) has set up a consultation committee to provide feedback on new functionalities in the GST system.
- Importers, exporters to mandatorily declare GSTIN in documents from Feb 15Data analytics by the revenue authorities have detected rampant tax evasion through black market and under-valuing of imports. It has come ...
- 21 I-T officers accused of corruption asked to retireAccording to Government sources, the Central Board of Direct Taxes (CBDT) compulsorily retired yet another 21 Group B officers of the rank ...
- Govt compulsorily retires 15 more senior tax officials on graft chargesIt may be recalled that 49 high-ranking tax officials, including 12 from the CBDT were compulsorily retired under Fundamental Rule 56(J) ea...
- ET Exclusive: Will make India a better place to do business, says PM ModiThe government's vision for the next five years is to have investment-led growth in the country.
- Bengaluru and Delhi customs forbid clearing 'gifts'Parcels under the CB-12 (gift and samples) route have been stopped at Mumbai, Bengaluru and Delhi, while the customs port at Chennai is als...
- Frauds prompt government to act tough on errant exportersGovt is working on a new "risk management system" under which the income disclosed in the tax returns will be matched with the value of con...
- Corruption purge: 15 CBIC officials forced to retireMore action was likely against errant officials as part of the government’s drive to stop corruption.
- Government sets up office of GST Commissioner (Investigation) to deal with tax evasionWith most of the loose ends tied up with regard to Goods and Services Tax (GST), the revenue department has now decided to focus on enforce...
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