Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
