Page 2 - Invoice Value News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tax consultant held for GST fraud of ₹274 crore January 27, 2021 × The GST and Central Excise Department, Chennai Outer, has arrested a tax consultant from Pernambut in Vellore district for committing GST fraud by issuing fake invoices to the extent of ₹274 crore and passing on illegal and unlawful Input Tax Credit to the extent of ₹22.12 crore. The person was arrested on January 26 and produced before the Economical Offences Judge II, Egmore, Chennai, says a PIB release. The case against the arrested person was that he along with some accomplices has taken GST registrations by misus...

India emerges as an attractive durable investment destination SECTIONS Share Synopsis The government's production linked investment scheme is expected to revive capital expenditure and also attract more investment in the manufacturing sector including foreign investors. Agencies The government has also been liberalising the FDI rules. Most recent this year being higher FDI limit for investment in defense industries from 49 per cent to 74 per cent. India has emerged as an attractive durable investment destination amidst the COVID pandemic with record $25 billion net FDI inflows during the Sept...