Twin brothers who created shell companies for tax evasion have been arrested from Kolkata, the capital of West Bengal. Their names are Amit Gupta and Sumit Gupta. Both lived in Salt Lake area of Kolkata. Transactions worth Rs 3000 crore done through shell companies The GST Intelligence team working under CBDT has arrested him from … Read more
Ranchi, Shakeel Akhtar: Central GST and Central Excise have identified 135 paper traders of Ranchi Zone. These traders have evaded tax of Rs 177.20 crore. Along with this, Rs 202.04 crore has been recovered as Input Tax Credit (ITC) from the Central Public Sector Undertaking. This is the biggest amount ever to be recovered from … Read more
Patna. On Thursday, different teams raided the premises of Matihani resident Ajay Kumar alias Karu Singh, one of the big businessmen of Begusarai, in connection with tax evasion. Simultaneous raids were conducted at 25 of their locations. These include Begusarai, Noida, Ghaziabad, Delhi, Kolkata, and Odisha apart from two places including Boring Road in Patna. … Read more
Patna. Builder Gabbu Singh’s difficulties seem to be increasing in the case of tax evasion of crores of rupees. In the case of tax evasion, the Enforcement Directorate ie ED has registered a case against Bihar’s big builder Gabbu Singh. Builder Gabbu Singh is accused of tax evasion of more than Rs 100 crore. The … Read more
[ad_1] To eliminate problems like tax evasion or black money, there are many rules regarding cash and transactions in the country. But ever since the government announced the withdrawal of Rs 2,000 notes from circulation, people are worried about keeping cash at home. One of the basic questions is whether how much cash can be … Read more
[ad_1] On Sunday, the CIB and Patna Junction team raided the parcel Bagi of Suvidha Express running between Mumbai-Patna and recovered a silver bowl worth Rs 15 lakh from the parcel. This parcel was booked in the name of wedding card and clothes, but when it was opened, 296 pieces of about 20 kilos of … Read more
[ad_1] Patna. In terms of GST evasion, those who get fake GST registrations are going to face fate. Teams of Central and State Goods and Services Tax officials will launch a special drive for two months to detect fake GST registrations and identify fraudsters who take undue advantage by claiming bogus Input Tax Credit (ITC). … Read more
[ad_1] Since the implementation of GST in July 2017, till February-2023 i.e. during six and a half years, a case of tax evasion of 2294 crores came to light in Bihar, but due to the activism of the officials of the Commercial Tax Department, 1248 crores was deposited in the government treasury. Rest of the … Read more