[ National Restaurant Association of India (NRAI) has written to the finance minister Nirmala Sitharaman to seek support for the industry in the union budget. The letter states restaurant industry is a significant contributor to the national economy and one of the highest employment creators in India, currently employing over 7.2 million Indians directly in … Read more
[ NEW DELHI: Government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore.In October-December 4,153 bogus firms that involved suspected ITC evasion … Read more
[ NEW DELHI: A total of 29,273 bogus firms involved in suspected Input Tax Credit (ITC) evasion of Rs 44,015 crore have been detected since mid-May 2023, the Finance Ministry said in a statement on Sunday.Union Finance Ministry also stated that a total of 121 arrests have been made in such cases.“Since the initiation of … Read more
[ NEW DELHI: Asian Paints on Monday informed that it has received a GST demand notice of Rs 13.83 crore and a penalty of Rs 1.38 crore from the Deputy Commissioner of State Tax, Chennai.The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in … Read more
