On scrutiny of monthly returns filed by tax payers under the Tamil Nadu Goods and Services Tax Act, 2017, it is revealed that some tax payers either didn’t pay the tax in cash after claiming the input tax or paid less than Rs.1000.
Thus, in order to ascertain the reason for not paying any tax or paying lesser tax and to know the true status of the transactions of these tax payers, inspection have been conducted in 368 cases to verify tax evasion.
Source a2ztaxcorp
Latest Posts in "India"
- 56th GST Council meeting is scheduled for September 3rd and 4th, 2025
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
- CII Urges Corporates to Transfer GST Rate Cut Benefits to Consumers Before Festive Season
- DGFT Extends Export Obligation Period, Boosting Indian Textile Exporters’ Competitiveness
- GST 2.0: New Two-Slab Tax Regime Announced, Healthcare and Essentials to Get Cheaper
