The Invoice Managing System (IMS) in GST offers several benefits to businesses, the tax system, and the government by ensuring better transparency, accuracy, and compliance. Here are the main ...
For Hybrid Businesses (e.g., Sweet Shops with Restaurants): Separate invoicing and classification are necessary to ensure compliance. Restaurant sales should be billed under SAC 996331 at 5% GST, ...
Langa was earlier arrested after 13 firms and their proprietors were booked for an alleged input tax credit (ITC) fraud, ...
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and ...
The Directorate General of GST Intelligence (DGGI) has busted an allegedly bogus Input Tax Credit (ITC) claims fraud of Rs ...
The police have registered a case against a shopkeeper in Maharashtra’s Thane district for illegally tapping into the local power supply network ...
The investigation, involving searches at multiple locations in Pune, Delhi, Noida and Muzaffarnagar, has revealed a sophisticated network of bogus companies engaged in fraudulent Input Tax Credit (ITC ...
The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...
The investigation, involving searches at multiple locations in Pune, Delhi, Noida and Muzaffarnagar, has revealed a ...
Pune has uncovered a GST fraud network worth Rs 1,196 crore, arresting one individual. Investigations revealed bogus companies utilizing fraudulent ITC transactions. The network used fake invoices and ...
DGGI uncovers 1,196 crore tax fraud involving fake invoices, e-way bills, shell entities, and bogus companies.