Tax raids in UP on 'Samajwadi' perfume maker

The Income Tax department on Friday raided multiple premises linked to perfume traders and some others in Uttar Pradesh as part of a tax evasion investigation, official sources said. IMAGE: SP......

Rs 177 cr cash, 23 kg gold found from UP bizman

The finance ministry on Monday gave details of the recent searches on perfume trader Peeyush Jain's house in Kanpur from where GST officers had seized more than Rs 177 crore unaccounted cash from......

'Biggest haul ever': Rs 150 cr in cash seized in tax raids on UP firm

Vivek Johri, the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on Friday said that the cash recovery of approximately Rs 150 crore from searches in Kanpur at several locations......

India receives 1st consignment of 1.5 lakh Sputnik V vaccine doses from Russia

India on Saturday received the first consignment of 1.5 lakh doses of Sputnik V COVID-19 vaccine from Russia as the country embarked on the third phase of the vaccination drive against the......

Foreign cos get GST relief on loans to Indian arms

In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats. Illustration: Uttam......

The major decisions taken by the GST Council

The GST Council on Saturday decided to tweak tax rates on items, including accommodation services for students and solar cookers, and took a host of taxpayer-friendly measures including waiver of......

CBIC steps up vigil over imports of unbranded gold jewellery

The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers.......

Fiscal deficit in FY24 improves to 5.6% on better tax mop-up

The central government's fiscal deficit during 2023-24 at 5.6 per cent of the GDP was better than previous estimates of 5.8 per cent on account of higher revenue realisation and lower expenditure,......