An official said the target is to bring all businesses with turnover above ₹1 crore under this framework by next fiscal year, which will fu...

The media portal has alleged that false invoices were used to enable Dassault Aviation to pay at least 7.5 million euros (around Rs 65 cror...

"In order to protect the revenue, it is proposed to provide that the penalty proceedings initiated for fake invoice/sham transactions of mo...

The sudden spurt in investigations by the tax departments also comes at a time when the government is looking to increase its revenue amids...

“Penalty shall also be levied on any other person who causes the person required to maintain books of account to make or causes to make any...

11 of 13 cases registered in Mumbai zone involve people from the industry

Orsi, ex-president of defence and aerospace giant Finmeccanica, and Spagnolini, a former CEO of the company's helicopters subsidiary Agusta...

Invoice matching can effectively avoid fraud claims. So why does the GST insist on linking input credit to the payment of tax by the suppli...

Chairman Sanjay Jhunjhunwala, who was facing a Red Corner Notice issued by the United Arab Emirates, was arrested after he returned from ab...

The court found him guilty of corruption in relation to sale of 12 choppers to Indian government & sentenced Orsi to jail term of four-and-...

He agreed that what was unearthed till now, was only a minuscule portion of the number of foreign accounts held by Indians abroad.

The trial revolves around a 560-million euro contract awarded to Finmeccanica's helicopter unit in 2010 to supply 12 helicopters to the gov...

CBI filed another charge sheet against six accused including B Ramalinga Raju for submitting "false income tax returns". Full Coverage: Sat...

CBI found that the accounting system was manipulated to inflate the company’s sales by Rs 5,117 crores.

The Central Bureau of Investigation (CBI) has said that the fraud-hit Satyam Computer Services inflated sales by Rs 47.46 billion.

To perpetrate the fraud, Raju also created an identity and code that managed to hide the fraudulent invoices from other departments.

It is good to be in the good book of your bosses, but it isn't a good idea to indulge in illegalities - even those merely on paper to pleas...