Thousands of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions without any underlying goods and services for availing of input tax credit (ITC) are under the scanner of tax authorities. Goods and services tax (GST) officials have prepared a detailed list in this regard and will target such entities.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
