“These companies fraudulently availed Input Tax Credit (ITC) without any supply of goods and services on the strength of bogus invoices and claimed Rs 118 Crore as refund against exports.”
Source: a2ztaxcorp.com
Latest Posts in "India"
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
- CESTAT: Testing Services to Foreign Clients Qualify as ‘Export of Services’ under FTDR Act
- CESTAT Rules Dell India’s Services to Foreign Affiliates Qualify as Export, Allows Appeal
