India’s Press Information Bureau has published a release from the Ministry of Finance on the level of tax fraud discovered through the misuse of input tax credits, which exceeds INR 310 billion, as well as the measures that have been put in place to prevent such fraud.
Source: Orbitax
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth
