Clipped from: https://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/scrap-dealer-two-others-held-for-rs-58-crore-gst-credit-fraud/article34049427.ece The arrested persons issued fake invoices to the extent of Rs. 423.2 crore The Chennai Outer Commissionerate has arrested a scrap dealer from
Category: Legal
tax settlement scheme: Companies opt for tax settlement scheme, face probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/companies-opt-for-tax-settlement-scheme-face-probe/articleshow/81384578.cms SynopsisSabka Vishwas (Legacy Dispute Resolution) Scheme, or SVLDR, was introduced to clear the backlog of erstwhile indirect tax disputes for companies to get
Gujarat HC directs GST Authority to allow petitioner to rectify entries in Form GSTR-3B – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gujarat-hc-directs-gst-authority-to-allowpetitioner-to-rectify-entries-in-form-gstr-3b/article34044452.ece Says the authority is in the habit of raising technical issues leading to ‘unnecessary litigations’ The Gujarat High Court has come down heavily
Cyber threat, misinformation top concerns for CEOs, says PwC global survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/cyber-threat-misinformation-top-concerns-for-ceos-says-pwc-global-survey/2210771/ Cyber threat is a top concern for CEOs in the asset and wealth management, insurance, private equity, banking and capital markets, and technology
GST officers arrest 357 persons since mid-Nov for fake invoice fraud – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/gst-officers-arrest-357-persons-since-mid-nov-for-fake-invoice-fraud/articleshow/81413426.cmsSynopsis Since mid-November, 3,500 cases have been booked and 10,400 fake GSTIN entities have been unearthed by GST intelligence and Central GST officers so
India needs a cohesive strategy to protect itself from cyber attacks | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/india-needs-a-cohesive-strategy-to-protect-itself-from-cyber-attacks-121030700808_1.html The lack of a cohesive cyber-strategy and poor investment on safety by small and medium companies leave India vulnerable to hackers Indian companies,
Are we ready for cyber attacks on infrastructure? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/are-we-ready-for-cyber-attacks-on-infrastructure-121030700856_1.html The fears of future cyber attacks on India’s economic infrastructure is real and rising It turned out to be a false alarm. The
Cheque bounce: SC sets up committee, seeks report on steps to be taken for early disposal of cheque bounce cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sc-sets-up-committee-seeks-report-on-steps-to-be-taken-for-early-disposal-of-cheque-bounce-cases/articleshow/81430236.cms The top court had last week termed the pendency of over 35 lakhs cheque bounce cases as “grotesque” and suggested to the Centre
Cairn says it has identified Indian assets for seizing should it be not paid – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cairn-says-it-has-identified-indian-assets-for-seizing-should-it-be-not-paid/2209248/ British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event
Stay vigilant against risk of cheque fraud | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/don-t-allow-a-stranger-to-fill-cheque-details-121030700704_1.html Mansinghka had been remiss in allowing a stranger to write the cheque. Disappearing magic ink was used which allowed the fraudsters to alter
GST fraud of Rs 20,124 cr detected during Nov 9-Jan 31: Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-fraud-of-rs-20-124-cr-detected-during-nov-9-jan-31-fm-121030901115_1.html A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit fraudulently is being carried out, FM said in
Parliament passes Arbitration Amendment Bill to protect taxpayer money | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/parliament-passes-arbitration-amendment-bill-to-protect-taxpayer-money-121031001742_1.html Section 36 of the (Arbitration) Act says the arbitration award be set aside if it is against public policy, said Law Minister Ravi
Tax notices, summons served to pre-GST, dispute resolution cases | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/tax-notices-summons-served-to-pre-gst-dispute-resolution-cases-7218646/ The summons have been sent under Section 70 of CGST Act, which provides powers to tax officers to summon persons to give evidence
After nearly four years, GST is still a work in progress | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/after-nearly-four-years-gst-is-still-a-work-in-progress-959381.html GST has its good points and its poor points, with the latter winning over the former In a few months, Goods and Services
2 held for passing bogus tax credit worth Rs 392 crore to Essel Group cos | Deccan Herald
Clipped from: https://www.deccanherald.com/national/2-held-for-passing-bogus-tax-credit-worth-rs-392-crore-to-essel-group-cos-958425.html Investigations indicate that a layer of genuine looking fictitious intermediary companies was created Representative Image. Credit: iStock Photo GST officers have arrested two
GST squads formed to prevent the illicit movement of goods – The Hindu
Clipped from: https://www.thehindu.com/news/national/tamil-nadu/gst-squads-formed-to-prevent-the-illicit-movement-of-goods/article34031754.ece According to an official release, all teams will keep a watch on warehouses registered in their respective jurisdictions and are authorised to prevent
Tax raids, and not just on Tapsee Pannu, are a bad idea – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-raids-and-not-just-on-tapsee-pannu-are-a-bad-idea/2208659/ In the past, tax raids add just a small fraction to the assessee’s income, and even those cases often fail The Income Tax
SC has highest regard for woman: CJI blames recent controversies on‘misreporting’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/sc-has-highest-regard-for-woman-cji-blames-recent-controversies-onmisreporting/articleshow/81398620.cmsSynopsis CJI said he had never asked anyone to marry and never heard a marital rape case and blamed the media for the controversy.
Regional Authority becomes redundant as DGFT goes online | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/regional-authority-becomes-redundant-as-dgft-goes-online-121030800008_1.html The prescribed processes for adjudication now require the exporter or importer to submit online the documents called for by the jurisdictional authority In
Exporters get the shivers from two provisions in Finance Bill 2020 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/exporters-get-the-shivers-from-two-provisions-in-finance-bill-2020-121022400844_1.html They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws Exporters are a worried lot
aniltikotekar4sme.com 