GST intelligence officers have uncovered 461 fake entities involved in a massive input tax credit fraud amounting to Rs 863 crore. This revelation highlights the ongoing efforts by authorities to curb tax evasion and fraudulent practices in the GST system.
The crackdown on these fake entities showcases the government’s commitment to maintaining the integrity of the tax system and ensuring a level playing field for businesses.
Recent Posts
- Birla Corp allocates rs.400 crore for cement grinding unit in Prayagraj, Uttar Pradesh
- Karnataka government is looking into a potential partnership with Meta to improve cyber safety.
- Air India and Alaska Airlines Partner to Offer Seamless Passenger Connections to 32 North American Destinations
- India Achieves Record Car Sales in October, Witnessing 16.3% Year-on-Year Growth with 391,472 Units Sold
- YouTube now requires users to either pay for Premium or watch ads, as ad blockers are blocked.
Recent Comments