Tax evasion a national crime, take stern action against fake firms: CM
Chief minister Yogi Adityanath on Saturday directed officials to act against shell companies and fake firms that are deriving undue benefits against the rules.
Tag: tax evasion
Tripura has started using AI to identify tax evaders, says CM Manik Saha
Tripura Chief Minister Manik Saha on Saturday said the state has been using artificial intelligence (AI) to identify tax evaders and will take action against them.
Can unregistered small businesses receive GST notices?
A recent report highlighted that the Gujarat State GST department has intensified its focus on business-to-consumer (B2C) sectors, aiming to close tax compliance gaps. Industries such as ice-cream parlours, salons, coaching classes, and mobile phone dealers are under the scanner for potential tax evasion and non-compliance.
Gujarat: Tax evasion worth Rs 2.5 cr by traders of artificial flowers, decorative items detected
The Gujarat state GST department detected tax evasion of around Rs 2.5 crore by entities dealing in artificial flowers and decorative items, during searches conducted on December 5, according to a statement.
CBIC asks customs officers to complete inquiry in commercial fraud cases within a year
The CBIC has asked customs field formations to disclose the specific nature of inquiry being undertaken while issuing letters/summons in export/import fraud cases and also complete investigations within a year. In an instruction, CBIC said officers must maintain a “balanced” approach during an investigation into tax evasion in import or export of goods — generally referred to as commercial intelligence/fraud (CI) cases — to avoid disruption in ease of doing business.
DGGI detects ₹2.01 lakh crore in GST evasion during FY24
For the first time, the Directorate General of GST Intelligence (DGGI) has detected the highest-ever number of tax evasion cases, totalling approximately 6,084 cases involving ₹2.01 lakh crore of Goods and Services Tax (GST) in 2023-24.
Two garment traders in Odisha’s Sambalpur under GST scanner
GST officials on Friday raided the premises of a Sambalpur-based garments shop, promoted by two persons, over allegations of tax evasion.
Joe Biden’s son Hunter pleads guilty in $1.4 million tax evasion case
Hunter Biden, son of U.S. President Joe Biden, pleaded guilty to federal tax charges on Thursday, a surprise move that avoids a potentially embarrassing trial weeks before the U.S. presidential election.
Central GST Audit Commissionerate detected ₹1,040 crore tax evasion in Andhra Pradesh till July, says official
Central GST Audit Commissionerate, Andhra Pradesh, has detected ₹1,040-crore tax evasion and recovered ₹108 crore from 370 units across five circles in the State up to July this calender year, said Anand Kumar Pulapaka, Commissioner, Central GST Audit Commissionerate, Andhra Pradesh. He was in Nellore to inaugurate the new chamber at Assistant Commissioner’s office on Monday.
DC State Taxes Samba, Imposes and recovers Rs 1.23 Crore Penalty
The Deputy Commissioner (DC) of State Taxes for Samba, under the supervision of Commissioner P.K. Bhat and Additional Commissioner Namarta Sharma, has successfully imposed a total penalty of ₹1.23 crore with effect from 1st of April, 2024 as part of ongoing efforts to streamline tax operations and enforce compliance across the region.