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......

'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......

What Puja Is Nirmalaji Performing?

Finance Minister Nirmala Sitharaman chaired the 48th meeting of the Goods and Services Tax Council in New Delhi on Saturday. The FM then flew to Chennai on Sunday to inaugurate Nandavanam, the......

Sameer Wankhede's Mumbai NCB stint ends; sent back to DRI

The tenure of controversial Narcotics Control Bureau Mumbai zonal director Sameer Wankhede with the federal anti-narcotics agency has ended and his services have been put at the disposal of his......

Infosys under probe for alleged GST evasion of Rs 32,403 cr

India's second largest IT services company Infosys has been slapped with a 'pre-show cause' notice for alleged GST evasion to the tune of about Rs 32,403 crore. Photograph: Vivek Prakash/Reuters......

Indirect tax mop-up beats estimate, grows 12% in FY21

The net indirect tax collection in 2020-21 grew 12.3 per cent annually to Rs 10.71 lakh crore, thereby exceeding the target set in revised estimates, the Finance Ministry said on Tuesday.......

20,000 GST Notices Issued For Rs 800 Bn Taxes

About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake. Illustration: Dominic......

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......