India's Goods and Services Tax system shows strong growth but struggles with fake invoice fraud, especially in the scrap sector. This practice allows tax evasion and distorts competition. Exporters ...

If you've ever bought a new car before, you know that the price you see in the newspaper or on a dealer website is often not the amount you'll end up paying to drive off the lot. Added fees, mandatory ...

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is ...

Chennai: The CGST Chennai north commissionerate uncovered a major fake GST invoice racket that generated fraudulent Input Tax Credit (ITC) worth 50.85 crore on bogus invoices estimated at around 300 ...

An inter-state racket engaged in generating fake GST invoices was busted in the city on Saturday. Preliminary enquiry has confirmed a tax evasion of ₹ 50.85 crore involving 12 entities in northern ...

Chennai: Central Goods and Services Tax (CGST) commissionerate arrested the managing director of a copper wire manufacturing unit on charges of evading Goods and Services Tax (GST) to the tune of 35 ...

2. E-Invoice will be applicable for All the GSTIN registered on the Same Pan [Other than SEZ units]. 3. Once, E-Invoice gets applicable it stays applicable till the business GSTIN Exists. 2. Multiple ...

The Goods and Services Tax Network (GSTN) recently announced a new feature in the Invoice Management System (IMS) on the GST portal. This allows taxpayers to mark credit notes as "Pending" for one tax ...

Officers of the CGST Chennai North Commissionerate have busted a major fake GST (Goods and Services Tax) invoice racket, which was operated to fraudulently pass on Input Tax Credit (ITC) worth ...

CHENNAI: The CGST Chennai North commissionerate on Monday said it busted a fake GST invoice racket operated to fraudulently pass on Input Tax Credit worth Rs 10.64 crore on bogus invoices valued at Rs ...

Two men from Chennai, including the owner of M/s MKN Enterprises, have been arrested for fraudulently passing on Input Tax Credit (ITC) worth ₹10.64 crore using fake GST invoices. They allegedly ...