Working capital adjustment, comparable selection and trade receivables interest were revisited in transfer pricing, with key additions deleted and rem...
The Enforcement Directorate's Ranchi unit attached 10 immovable properties valued at Rs 15.41 crore in Kolkata and Howrah under the PMLA, bringing total attachments in a GST input tax credit fraud probe to about Rs 20.70 crore. The investigation, triggered by a DG-GST Intelligence complaint, alleges a syndicate used multiple shell companies across Jharkhand, West Bengal and Odisha to generate bogus GST invoices documenting ITC of roughly Rs 794 crore, sold the forged credits to end-users for commissions of about Rs 67 crore, and laundered proceeds by purchasing assets in relatives' and associates' names; four accused have been arrested.
The Enforcement Directorate's Ranchi unit attached 10 immovable properties valued at Rs 15.41 crore in Kolkata and Howrah under the PMLA, bringing total attachments in a GST input tax credit fraud probe to about Rs 20.70 crore. The investigation, triggered by a DG-GST Intelligence complaint, alleges a syndicate used multiple shell companies across Jharkhand, West Bengal and Odisha to generate bogus GST invoices documenting ITC of roughly Rs 794 crore, sold the forged credits to end-users for commissions of about Rs 67 crore, and laundered proceeds by purchasing assets in relatives' and associates' names; four accused have been arrested.
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