The Enforcement Directorate (ED) on Friday carried out searches at around 16 locations in Sangli district, including the premises of Rajarambapu Sahakari Bank, as part of its probe related to alleged dubious sales tax refunds procured by a few private firms around 12 years ago.
The agency’s preliminary probe has estimated that the extent of the dubious Value-added Tax (VAT) refunds withdrawn by the suspected firms could be between ₹250 and 1,000 crore, the officials said.
Source: www.hindustantimes.com
Latest Posts in "India"
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
- Industry Body Urges Government for Relief Measures for Small Chemists During GST 2.0 Transition
- CESTAT Rules Electronic Software Downloads Exempt from Customs Duty in HCL Technologies Case
- India’s GST 2.0 Sparks Concerns in Nepal Over Smuggling and Trade Deficit
