Goods and Services Tax : Learn about the CBIC Guidelines and requirements for grant of reward to informers for smuggling and evasion of duties and taxes un...
Income Tax : Explore the differences between tax planning, tax evasion, and tax avoidance. Understand how tax planning legally optimizes tax li...
Income Tax : माननीय सुप्रीम कोर्ट ने इनकम टैक्स की संशोधित धा...
Income Tax : हाल में ही सरकार ने जीएसटी में एक महत्वपूर्ण बदला...
Income Tax : ILLIQUID STOCK TRADING AND TAX EVASION 1. The ‘scam’ So a new scam beckons us. That of allegedly executing fraudulent trad...
Goods and Services Tax : DGGI reveals over 6,000 fake ITC cases, ₹57,000 Cr GST evasion, and 500 arrests from April 2020 to September 2023. Explore the f...
Goods and Services Tax : We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of ta...
Goods and Services Tax : Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried ...
Custom Duty : 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 ...
Goods and Services Tax : Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commi...
Goods and Services Tax : Saurabh Jindal & Yashik Jindal Vs Union Of India (Rajasthan High Court) In a significant legal development, the Rajasthan High...
Custom Duty : Explore the detailed analysis of the judgment in Babulal Qazi vs Union of India by Rajasthan High Court. Learn about the legal int...
Goods and Services Tax : Explore the full text of the Rajasthan High Court judgment on Mohammad Shadab Kadris bail application amid GST Act violations. Leg...
Goods and Services Tax : Explore the detailed analysis of the bail granted to Mohammed Ali Akram Khan vs Union of India by Rajasthan High Court. Learn abou...
Income Tax : Since the penalty was reduced from 300% to 100% of the tax sought to be evaded, assessee was entitled to the benefit of Section 27...
Goods and Services Tax : CGST, Vadodara, upon intelligence developed through data analysis, have booked a case of issuance of fake invoices valued at Rs. ...
Goods and Services Tax : DGGI arrested a managing Director (MD) of a company Following intelligence developed by the officers that fake invoices were recei...
Goods and Services Tax : The officers of Daman Cornmssionerate have detected a case of default in GST payment against Mrs Radha Madhav Corporation Limited ...
Goods and Services Tax : The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After onli...
Excise Duty : Circular No. 1009/16/2015-CX Whoever commits any of the offences specified under sub-section (1) of Section 9 of the Central Exci...
India has decided to press for removal of a distinction between tax evasion and tax fraud which has helped Indians conceal their income in tax havens abroad. Pranab Mukherjee This is part of India’s drive to get back the monies abroad. Sources said a number of countries have refused to give information on the ground that tax evasion was not an offence under their law but if tax fraud was included, they would cooperate.
Excise department has claimed to have unearthed an excise duty theft of Rs 57 crore during a raid at an illegal ‘gutka’ manufacturing unit here. Two staffers of the gutka factory have been arrested and search was on to trace its owner, central excise officials said here today.
India has entered into a Tax Information Exchange Agreement (TIEA) with the Bahamas. The Agreement was signed on 11th February 2011 by the High Commissioner of India to Jamaica (concurrently accredited to the Commonwealth of The Bahamas) on behalf of
India has entered into a pact with the British Virgin Islands for exchange of information to check tax evasion and money laundering. This is the third Tax Information Exchange Agreement (TIEA) — as it is known in the parlance of the Organisation for Economic Cooperation and Development (OECD) — signed by India.
The government has constituted a group of experts to suggest measures to encourage tax evaders to disclose their unaccounted income voluntarily.The finance ministry’s move comes at a time when the country is debating a crackdown on black money.The la
Dismissing the perception that Switzerland is a tax haven, a senior Swiss government official today expressed hope that the revised tax avoidance treaty with India will be ratified during the year, following which Swiss authorities would provide administrative assistance to India to deal with cases of tax evasion.
A Swiss Parliamentary Committee has given the go-ahead to the revised tax treaty between India and Switzerland that would eventually allow Indian government access to secret Swiss bank accounts of Indian tax evaders. The amendments to the treaty will now be placed before the Swiss Parliament for final approval.
A tax evasion racket involving over 400 firms, most of which are based in the city, has come to light. The state sales tax department, which busted the racket, claimed that its initial assessment showed that the racket involved transactions worth Rs
The Income Tax department plans to immediately capture on receipt the data of returns filed by taxpayers to enhance their investigation and enforcement action to curb tax evasion and reduce tax gap over the next few years. The department is also mooting developing a ‘criminal investigation’ system within its establishment to combat terror financing, money laundering, offshore tax evasion and other illegal trades which impact national security.
Finance Minister Pranab Mukherjee on Tuesday said the government is examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later. “As the Law Ministry has pointed (out), we are examining the
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