Goods and Services Tax - Guidelines are applicable for grant of rewards to informers in respect of cases of seizures made and/or infringements/evasion of duty/ service tax etc....
Read MoreGoods and Services Tax - हाल में ही सरकार ने जीएसटी में एक महत्वपूर्ण बदलाव करते हुए साफ कर दिया कि 1 जनवरी 22 से आपको इनपुट का सिर्फ उतना ही क्रेडिट मिलेगा जि...
Read MoreGoods and Services Tax - ILLIQUID STOCK TRADING AND TAX EVASION 1. The ‘scam’ So a new scam beckons us. That of allegedly executing fraudulent trades in illiquid stock options by committing irregularities in the equity derivative segment. 2. Operation Falcon Popular belief is that the scam unearthed after the investigation wing of the I-T Department launc...
Read MoreGoods and Services Tax - Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]...
Read MoreGoods and Services Tax - The evil consequence of tax evasion or avoidance are manifold which are short listed as under 1. There is substantial loss of much needed public revenue particularly in a welfare State like ours as India which is a developing Country day by day. 2. There is the serious disturbance caused to the economy of the […]...
Read MoreGoods and Services Tax - We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman...
Read MoreGoods and Services Tax - Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers....
Read MoreGoods and Services Tax - DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Vivo India’), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a...
Read MoreGoods and Services Tax - Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]...
Read MoreGoods and Services Tax - Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India and its contract manufacturers...
Read MoreDeputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) - Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) The proforma for issuance of the Look Out Circular indicates the nationality of the respondent to be that of China. As per the communication dated 19.2.2022 apart from the aspect of M/s Huawei Telecommunications (India) Company Pr...
Read MoreMohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court) - Revenue contended that applicant defrauded State Exchequer of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted...
Read MoreNiraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) - Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) During the course of arguments, it was pointed out by the learned Senior Advocate appearing for the applicant that the respondent-Department has already attached immovable property belonging to the applicant in excess of the amount of allege...
Read MoreChimes Aviation P Ltd. Vs Commissioner, Service Tax (CESTAT Delhi) - Insistence on the part of appellant to deliberately classify their services under a different head shows their intention of escaping their liability for the previous period which amount to noncompliance with statutory obligations....
Read MoreSri Subhash Kumar Singh Vs State of Assam (Gauhati High Court) - Petitioner is found to have deliberately supplied goods without issuing invoices in violation of the provisions of AGST Act with intention to evade Tax during the period of 2019 to 2021....
Read MoreIV/06-Prev/72/Capital Impex/2018-19/Gr.C - (30/01/2019) - CGST, Vadodara, upon intelligence developed through data analysis, have booked a case of issuance of fake invoices valued at Rs. 107 Crores without any physical movement of goods, leading to wrongful availment of ITC worth Rs 25.5 crores and passing on of ITC worth Rs 19 crores....
Read MoreF. No. DGGI/VZU/INV/GST/53/2018/ - (30/01/2019) - DGGI arrested a managing Director (MD) of a company Following intelligence developed by the officers that fake invoices were received by the company without receipt of goods from various companies and fake invoices were issued without supply of goods. Directorate General of GST Intelligence Visakhap...
Read MoreF.No. IV/16-46/CCO/T/ST/213/Pt-II - (30/01/2019) - The officers of Daman Cornmssionerate have detected a case of default in GST payment against Mrs Radha Madhav Corporation Limited which had stepped filing return since August 2018 and there was a noticeable difference in declared ilatlity in two returns prescribed in CGST Act,2017 namely GSTR-1 and ...
Read MoreCircular No 19/2018 - (07/09/2018) - The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After online application, the applicant is deemed registered within 3 days. Therefore, since Oct 2017 in every Quarterly Performance Report, it has been specifically instructed to ...
Read MoreCircular No. 1009/16/2015-Central Excise - (23/10/2015) - Circular No. 1009/16/2015-CX Whoever commits any of the offences specified under sub-section (1) of Section 9 of the Central Excise Act, 1944 or sub-section (1) of section 89 of the Finance Act, 1994, can be prosecuted. ...
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Deputy Director of Income Tax (INV) Vs Xiongwei Li (Delhi High Court) -
Mohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court) -
Niraj Jaidev Arya Vs State of Gujarat (Gujarat High Court) -
Chimes Aviation P Ltd. Vs Commissioner, Service Tax (CESTAT Delhi) -