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URL copied Delhi lawyer arrested for committing input tax credit fraud of Rs 50 crore GST officers have arrested a person for creating fictitious firms and committing input tax credit fraud of Rs 50.03 crore, the finance ministry said on Sunday. The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East have unearthed a network of fictitious firms which "was being operated by one Vishal, who is an advocate by profession and was practising law in Karkardooma Court, Delhi", the ministry said in a statement. Vishal started this GST fraud by creating a fictitious ...

New Delhi, Feb 28: GST officers have arrested a person for creating fictitious firms and committing input tax credit fraud of Rs 50.03 crore, the finance

The Union budget 2021 – Flattering to deceive By News Desk|   Published: 9th February 2021 6:43 pm IST New Delhi: Finance Minister Nirmala Sitharaman holds a folder case containing the Union Budget 2021-22 as she poses for a group photograph with MoS Finance Anurag Thakur and other members of finance ministry, at North Block in New Delhi, Monday, Feb. 1, 2021. (PTI Photo/Kamal Singh) Amir Ullah Khan The Union budget is an Annual Financial Statement where the government of the day is expected to inform the Parliament of what it would spend its money on during the next year. This mus...

Updated Jan 25, 2021 | 19:38 IST The sector also hopes that the budget will introduce GST reforms by bringing back the Input Tax Credit. This will help in bringing down the cost of construction thus reducing the property prices. Tax sops to liquidity enhancement: What the real estate industry expects from Budget 2021  New Delhi: Hit hard by the Covid pandemic and the subsequent lockdowns, the nation’s real estate sector is betting big on this year’s budget for the revival of the sector.  Besides contributing majorly to the GDP, it is also one of the biggest emp...

Input Tax Credit must be paid on towers: TAIPA SECTIONS Last Updated: Jan 22, 2021, 05:07 PM IST Share Synopsis "Currently, the telecom infrastructure providers can not avail of the Input Tax credit against GST paid by them on telecom towers, which acts as an impediment to make further investments,” said T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA). New Delhi: India’s telecom tower body has urged the telecom department and finance ministry for inclusion of towers in the definition of items eligible to avail input tax credit under the GST Act. "Currentl...