A businessman has been arrested from Ahmedabad for allegedly availing fake input tax credit (ITC) to the tune of Rs 7.22 crore after the Central Goods and Services Tax commissionerate unearthed evasion of Rs 36.95 crore in GST involving ten non-existent firms, the CGST commissionerate here said on Wednesday.
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