Having detected frauds of close to Rs 50,000 crore, the Centre is looking to tighten processes, including those related to claiming input tax credit (ITC), and will focus on getting states to okay plans to shut down leaks and evasions at this week’s GST Council meeting.
Source: indiatimes.com
Latest Posts in "India"
- Supreme Court Upholds VAT Exemption on PepsiCo’s Quaker Oats
- Battery Storage Industry Seeks 5% GST on Containerised BESS
- India – GSTN puts e-Way Bill/e-Invoice API enhancements on hold
- Rajya Sabha: 5% GST Retained on Most Assistive Devices for Persons with Disabilities
- Government Strengthens IGST Settlement Framework with New Rules and SOP
