Godrej Properties takes a hit as subsidiary faces Rs 48.31-cr GST demand
The shares of Godrej Properties traded down marginally in early trade on October 16 after the company’s arm received GST demand and penalty notices.
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The shares of Godrej Properties traded down marginally in early trade on October 16 after the company’s arm received GST demand and penalty notices.
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Seema Kumari, a domestic help from Bihar working in Ludhiana, was shocked to discover that she had been heading a company with a Rs10-crore turnover for two months. She learnt of her “business” from the Punjab GST authorities who contacted her over phone after detecting massive transactions and tax evasion by her company.
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Dabur India has received intimation of tax ascertained as being payable under Section 74(5) of CGST Act, 2017 wherein GST short-paid or not-paid amounting to Rs. 320.6 crore has been advised to be paid by the company.
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The Sirsa police have arrested the main kingpin of a multi-crore GST scam from Delhi’s Dwarka area. The main accused, Padam Bansal, was produced before a local court in Sirsa on Friday and was sent on four-day police remand.
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Shares of Delta Corp slipped 9 per cent to Rs 127.30, hitting a three-year low on the BSE in Monday’s intra-day trade, after the company received additional notice of claimed Goods and Services Tax (GST) shortfalls totaling Rs 6,384 crore
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The Ahmedabad zonal unit of the directorate general of GST intelligence (DGGI) recently unearthed a case involving Rs 20 crore of tax evasion through GST fraud in the chewing tobacco business.
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The GST authorities issue notices to 70 foreign companies, including major players like Netflix and Google, requiring compliance with the new 18 percent IGST regulations for digital services in India. Anticipated government revenue is Rs 2,000 crore, a substantial increase from the previous year.
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The Allahabad High Court has quashed demand of Rs. 235.52 Crores raised against Vivo Mobile India Private Limited by GST Authorities vide order under Section 74(9) of the Goods and Service Tax Act 2017.
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A GST refund scam to the tune of over Rs 42 crore was unearthed with the Commercial Taxes Department investigating eight such cases, in which at least one person was arrested and produced in court.
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Despite the GST Council not obliging any tax cut on lithium-ion batteries that power Electric Vehicles (EVs), many industry players are hopeful of sustaining the growth momentum, albeit at a slower rate, even as they are seeking government support for faster adoption of EVs in India.
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The Kerala GST Department vide Circular No. 16/2023 dated October 09, 2023, has provided guidelines on issuing separate notices to the same taxpayer under sections 73 and 74 of the Kerala State Goods and Services Tax Act, 2017 (“the KSGST Act”).
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The Rajasthan GST Department issued Order No. F.17(131-Pt-III)ACCT/GST/2017/8719 dated October 3, 2023, concerning the territorial jurisdiction of proper officers, with effect from August 1, 2023.
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The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand order accruing to nearly Rs 37,000 crore for paying taxes at 12 per cent instead of 18 per cent for some invoices during the assessment year 2019-2020.
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The CBIC issued a Clarification on October 12, 2023, regarding certain media reports on the applicability of GST on Gangajal.
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The GSTN issued Advisory No. 607 dated October 12, 2023 regarding Facility for the e-commerce operators through whom unregistered suppliers of goods can supply goods.
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The GSTN issued Advisory No. 608 dated October 12, 2023 regarding the Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.
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The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, Chartered Accountant Nitin Garg and a person called Rajan Malik.
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Raids linked to GST (Goods and Services Tax) evasion were carried out at 52 locations in seven districts of the state, officials said on Monday. In a release, the state division highlighted that an evasion of Rs 8.1 crore was unearthed.
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The GST Council reducing rate for molasses may not bring any cheer for consumers as the alcohol industry believes the 23% savings are likely to be subsumed by states in the form of revised state taxes, said a senior official from an industry body on Monday,
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Irrespective of where in the world you live, a financially secure future for your family must be the universal foundation of your financial planning. This is why the need for a robust term insurance plan transcends geographies and demographics.
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Star Health and Allied Insurance company received a notice from the Directorate General of GST Intelligence for payment of tax worth Rs 38.99 crore, the insurance firm said in its BSE filing on Monday.
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