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The DGGI team is evaluating the tax evasion figure by matching the sale of the pan masala. An amount of Rs 3.09 crores has been recovered so far towards tax due with Trimurti Fragrance. Sources told that this whole search operation is being held by DGGIs Ahmedabad branch with the support of officers of local Central GST. Kanpur IT Raid: Directorate General of GST Intelligence Seizes Rs 177.45 Crore Cash in Raids on Perfume Company.

GST intelligence uncovers Rs 43 crore ITC fraud in Gurugram, one arrested DGGI nabbed the accused on March 9 and produced him before the Metropolitan Magistrate, New Delhi, who ordered 14 days judicial days custody BusinessToday.In | March 11, 2021 | Updated 16:41 IST These shell companies generated sham invoices without supplying goods or services worth Rs 237.98 crore and passed on fake ITC worth more than Rs 43 crore Gurugram Zonal Unit (GZU) of the Directorate General of GST Intelligence (...

Indias NEOR network against money laundering to cost Rs 40 crore Top Searches Indias NEOR network against money laundering to cost Rs 40 crore Pradeep Thakur / TNN / Mar 11, 2021, 20:07 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: The National Economic Offence Records (NEOR), a unified database on economic offences, will cost the government Rs 40 crore. A proposal has been submitted by the Central Economic Intelligence Bureau, the nodal agency under the finance ministry ...

Old or scrap batteries are taxed at 18 per cent, while new or fresh batteries are taxed at 28 per cent under goods and services tax (GST). However, verification with their suppliers revealed that they had sold only fresh batteries to PSR Metals Pvt Ltd, the statement said. The ministry said that based on investigation, it appeared that the company was involved in using bazaar scrap to manufacture battery lead and was using the input tax credit (ITC) of fresh batteries while clearing these new b...

GST intelligence unearths fake invoicing racket in Assam SECTIONS Share Synopsis The Guwahati Zonal Unit of Directorate General of GST Intelligence (DGGI) unearthed a fake invoicing racket allegedly involving in issuance of fake GST invoices showing sale of TMT bars and Cement worth Rs. 20.62 Crores (approx.) involving GST amounting to Rs. 4.91 Crores and also availed and utilised GST Input Tax Credit (ITC) worth Rs. 4.48 crores. Agencies As per information, this is the first instance of an arr...

DGGI sources said that out of the 258 arrested so far, at least two persons have been booked under COFEPOSA or Conservation of Foreign Exchange and Prevention of Smuggling Activities Act also. The ongoing drive by GST intelligence and CGST authorities is ongoing with more than 2500 case booked against 8000 fake GSTIN entities as of now.