Searched for
INFLATED INVOICE VALUES
This is how a company tricks you into thinking it's bigger than it is in realityRevenue is not always the amount written on the invoice. The final number can change because of rebates, returns, penalties, warranties, cu...- Sold, or just shipped? How sales figures can be manipulated – and how you can spot itGoods left the warehouse. The invoice went out. So it must be a sale, right? Not always. Under the rules, a sale counts only when the custo...
- ET Prime Special Series: Multibagger or IBC - Part 64: An old 2-wheeler supplier that now earns more from a newer businessAt first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A ne...
- ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
- For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
- Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...
- 25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- DGGI uncovers Rs 3,200 crore in GST fraud, two heldThe Directorate General of GST Intelligence (DGGI) uncovered a Rs 3,200 crore GST fraud, arresting two individuals. The accused created fak...
- HC keeps in abeyance order asking CBI, DRI to look into allegations of over-invoicing by Adani groupOn December 19, 2023, the high court had directed the two federal probe agencies to meticulously and expeditiously look into the allegation...
- Adani arm gets clean chit from CESTAT in over-invoicing caseSources told ET that the department has sent a proposal to the Central Board of Indirect Taxes and Customs (CBIC) for filing an appeal befo...
- CBI sends letters rogatory to Hong Kong in Rs 156-crore diamonds over-invoicing caseThe CBI had first approached the Home Ministry with its application for the go-ahead for sending the LR. After getting the nod under Sectio...
- CESTAT starts hearing DRI case against relief to Adani Group firmsAccepting the Directorate of Revenue Intelligence (DRI) plea to hear the cases against Adani group firms on a case-to-case basis, a Customs...
- Income tax dept unearths Rs 700 crore undisclosed income in Tamil NaduThe search was launched early on Tuesday at 55 premises in various places of the state, including Chennai, Coimbatore, Thanjavur, and also ...
- GST officials detect tax fraud of Rs 224 cr by 8 companiesThe companies have been generating fake invoices without actual supply of TMT bars, MS bars, MS flat products among others.
- Adani, Essar get DRI notice for overvaluing importsAccording to DRI, some prominent public and private sector companies inflated the import value of coal beyond that prevailing in the intern...
- DRI slaps Rs 2,601 crore notice on Essar for overvaluing importsThe total amount allegedly siphoned off by the entities is estimated at Rs 2,601 crore, inflating the value by over 90% in most of the impo...
- DRI, ED set to probe Adani Group for allegedly over-valuing power equipment importsThe Mumbai unit of the Directorate of Revenue Intelligence (DRI) has formally opened a case for alleged ‘over-valuation’ of capital equipme...
- Don't fret about the RupeeThe Rupee's depreciation against the dollar is a source of consternation, inflation, heart-break and hedge-break. The Reserve Bank thinks t...
- Indian-origin business tycoon Pankaj Oswal accused of one of biggest corporate frauds in AustraliaPankaj Oswal has been accused of siphoning an additional $113 million out of his Burrup Fertilisers, according to court documents.
Load More
