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TAX EVASION
Navratri fasting food goes gourmet as restaurants see demandRestaurants are stepping into a meal occasion traditionally associated with home kitchens to keep guests observing dietary restrictions at ...- Todd and Julie Chrisley hit with $1.57 million IRS tax lien after Donald Trump’s 2025 pardon; what we knowTodd and Julie Chrisley are facing a significant tax challenge with a federal lien amounting to $1.57 million, linked to unpaid taxes for t...
- India customs scrutiny diverts Niger soybeans to Asia at steep discounts, sources sayAround 11,000 metric tons of Niger-origin soybeans bound for India were diverted to other Asian markets and sold at steep discounts as a wi...
- Restaurants face income tax scrutiny as suspected tax evasion tops Rs 25,000 croreThe income tax department in India has identified significant tax evasion by thousands of restaurants. Approximately 8,000 restaurants show...
- GST Council meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reformsGST Council Meeting 2026: The GST Council, meeting in New Delhi, is expected to propose significant reforms for tax administration. One ref...
- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
- GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
- GST Council meet starts with focus on ease of doing business, ITC overhaul and decriminalisation on agendaThe 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine...
- Niger or Nigeria? India probes soybean imports over suspected tax evasion, sources sayIndian customs officials are currently examining a notable uptick in soybean imports, which are purportedly sourced from Niger. Authorities...
- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting thresholdA cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make...
- I-T searches premises linked to film producers Kumar Mangat Pathak, Vashu BhagnaniThe Income Tax Department on Monday searched multiple Mumbai locations linked to Panorama Studios and film producers Kumar Mangat Pathak an...
- Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
- Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
- Bengaluru GST officer wanted Rs 20 lakh to close a tax case, caught taking Rs 8 lakh from businessmanA Central GST official, identified as Mohit Pratap Singh, was caught in the act of accepting a bribe amounting to eight lakh rupees. He all...
- Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...
- No GST registration without biometric Aadhaar check: HCThe Delhi High Court has mandated biometric Aadhaar authentication for all Goods and Services Tax registrations. This directive aims to pre...
- Delhi HC acts big on fake GST registrations, rules no GST registration without biometric-based Aadhaar authenticationIn light of many fraudulent GST registrations, the Delhi High Court has ruled that no Goods and Services Tax (GST) registration can be obta...
- GST returns, overseas investments, off-market stock deal come under AISThe Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...
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