CAclubindia News

ED's raids uncover Rs 122 Crore GST fraud in multiple cities

07 June 2023 at 08:46

The Enforcement Directorate (ED) on June 6 conducted searches at 25 locations in Gujarat, Maharashtra and Karnataka in connection with a Rs 122 crore GST fraud case.

Posted in GST | 3582 Views

ED detains Income Tax official from Ahmedabad in money laundering case

06 June 2023 at 08:58

The Enforcement Directorate (ED) on June 5 arrested an Income Tax (I-T) official from Ahmedabad in connection with a money laundering case

Posted in Income Tax | 6132 Views

BBC acknowledges reduced tax contributions in India

06 June 2023 at 08:57

The BBC has admitted that it paid lower taxes in India than it should have, following an investigation by the country's income tax department.

Posted in Income Tax | 4734 Views

ED raids 25 locations in major GST fraud case

05 June 2023 at 08:45

Teams of Directorate of Enforcement (ED) carried out search operations at 25 locations on Friday in Ahmedabad, Gandhinagar, Bhavnagar, Botad, Gandhidham, Mumbai and Bengaluru

Posted in GST | 4014 Views

GST Evasion: 10 Fictitious Firms Detected, 1 arrested in Gujarat

05 June 2023 at 08:45

A businessman has been arrested from Ahmedabad for allegedly availing fake input tax credit (ITC) to the tune of Rs 7.22 crore after the Central Goods and Services Tax commissionerate

Posted in GST | 3183 Views

IT Department initiates FIRs against 404 individuals and CA in bogus refund cases

05 June 2023 at 08:45

The Income Tax Department Srinagar has taken a serious view of the bogus refunds claimed by various persons in the past few years.

Posted in Income Tax | 42264 Views

Noida police busts multi-crore racket exploiting PAN card data of over 635,000 individuals

03 June 2023 at 13:26

In a breakthrough, the Noida police have successfully busted a sophisticated multicrore racket operated by a gang that used the Pan card data of approximately 635,000 individuals.

Posted in Income Tax | 9879 Views

Delayed Refund and Loss Carry Forward Claims Granted under IT Act 1961

03 June 2023 at 09:01

The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2023 dated May 31, 2023, regarding the condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961 ("the IT Act").

Posted in Income Tax | 6045 Views