I-T dept expands scope for filing appeals by tax officers, includes TDS disputesCBDT broadens appeal scope for tax authorities without monetary limits for specific cases, including TDS/TCS and undisclosed foreign income...
Mamaearth parent Honasa’s IPO at a crossroads, and other top tech, startup stories this weekThis week the much-awaited initial public offering (IPO) of omnichannel retailer Honasa Consumer Ltd, the parent of beauty and personal car...
Winners of The ET Startup Awards 2023 to be feted today, and other top tech, startup stories this weekThe Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were an...
CBIC readies plan to step up vigilance for electionsThe Central Board of Indirect Taxes and Customs (CBIC) has prepared a detailed vigilance mechanism to keep a tab on seizures of cash, illic...
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...
24 big importers found evading Rs 11,000 crore IGSTThe Indian Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have discovered alleged Integrated ...
Rajasthan HC stays GST notice to gaming firm MyTeam11Rajasthan High Court asks DGGI to refrain from taking coercive action against the company
GST evasion of Rs 55,575 crore detected in last 2 years, 719 persons arrestedThe GST department is taking steps to curb evasion, including verification of registration, e-way bill requirement, and validation for fili...
DGGI has power to issue show cause notices, rules Gujarat High Court“A 'proper officer' in relation to any function to be performed under the CGST Act means the commissioner or the officer of the central tax...
Companies drag DRI to court for not following procedureAs per the writ petition filed by the companies, only officers with certain seniority have the right to issue notices and summons. In certa...
DRI detects double benefit by traders from IGST, compensation cess exemptionIn notices issued to several importers, the DRI field units have said that the importers were ineligible to claim refunds on exported goods...
5% or 18%: No final ruling on ‘ready-to-cook’ parota GST rateAs the classification issue was pending in another proceeding, the previous ruling of the lower authority, which applied a rate of 18% has ...
DGGI books three firms for evading GST payments of over Rs 600 crore; three arrestedThe case was detected and developed by the officers on further data analytics out of a case booked against one of the exporters, M/s Ananny...
GST intelligence detects Rs 225 crore tax evasion, busts illicit pan masala manufacturers in IndoreThe total duty implication in this fraud is estimated to be around Rs 400 crore, the statement issued by the DGGI said.
Why India needs a powerful think tank in economic intelligence to stop Niravs & MallyasWhether it’s Vijay Mallya, or former IPL boss Lalit Modi, or diamond merchants Nirav Modi and Mehul Choksi, the tribe of white collar crimi...