Login required for accessing the files. Please login to continue.

Referencer Library - Latest Documents - Last 90 Days

Latest News - From Newspaper Headlines


‘Pan masala firms serial tax defaulters’.


Pan Masala companies have been found as the serial tax evaders in the Delhi, says a survey conducted by the Department of Trade and Taxes of Delhi government.

During the December, 2020, the Anti Evasion Cell - 1 of State GST, Delhi has read more »


GST authorities arrest 215 persons in fake invoice cases, recover over Rs. 700 crore in 2 months.


The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates have so far arrested 215 persons, including six chartered accountants and one company secretary, and recovered more than Rs. 700 crore from these fraudsters, sources said.

The Directorate General of GST Intelligence (DGGI) read more »


DGGI detects fraudulent transactions worth Rs 498.5 crore by entities in Maharashtra.


Nagpur: The Directorate General of GST Intelligence (DGGI) has busted fraudulent transactions of Rs. 498.50 crore by 26 entities across Maharashtra, an official release said. These include fake Input Tax Credit (ITC) of Rs. 12.78 crore which was recovered in cash on the spot and one person read more »


Operation clean up: Rs. 1 lakh crore of disputed tax to be settled as Vivad Se Vishwas scheme clicks.


The litigation and appeal cases are before the Commissioner (Appeals) and tax tribunals to higher courts and in arbitration.

In a massive cleanup of legacy issues, nearly one-fifth of about 5 lakh entities locked in tax litigation with the government have opted for a read more »


Government crackdown on 7,000 GST evaders, 185 arrested.


The government netted a record GST collection of Rs. 1.15 lakh crore in December 2020, helped by the action against tax evaders alongside pick up in the economy.

Armed with data analytics and information from agencies, the government has launched a massive crackdown on read more »


One arrested in Delhi by GST authority for tax evasion worth over Rs. 800 cr.


Based on the evidence gathered, stocks seized and confessional statements recorded the total duty evasion as estimated to be approximately Rs 831.72 crore, it said.

The Goods and Services Tax (GST) authority has unearthed evasion of Rs 831.72 crore tax in Delhi after read more »


GST Collections Hit Record High Of Over Rs. 1.15 Lakh Crore In December 2020: Finance Ministry.


Revenues for December 2020 was 12 per cent higher than the GST revenues in the same month last year

The gross goods and services tax (GST) revenue collected in the month of December 2020 was Rs. 1,15,174 crore of which CGST was Rs. read more »


Kerala gold smuggling case: Customs to move high court against jail dept.


Lodged in a women’s prison in the state capital under COFEPOSA (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act), recently, the customs had issued a directive to the jail that it should be informed about anyone visiting her and a customs official will accompany the read more »


Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash.


The Central Board of Indirect Taxes and Customs CBIC has notified certain changes to the Goods and Services Tax (GST) Rules, bringing in stringent conditions for getting GST registration as well as for businesses to settle tax liability using input tax credit.

The CBIC read more »


7th Pay Commission new order: Pay Level 9 to 11 employees to get local travel reimbursement without vouchers!


7th Pay Commission Latest News: Central Government Employees in Pay Level 9 to 11 will not have to furnish receipts/vouchers to claim reimbursement of local travelling charges.

7th Pay Commission Latest News: Central Government Employees in Pay Level 9 to 11 will not have read more »


In Tamil Nadu, 100 kg gold missing from CBI custody, HC orders police probe.


The CBI claims to have submitted the keys of the vault to a Special CBI Court in Chennai, though no date regarding this is mentioned in documents.

In a major embarrassment to the CBI, the Madras High Court Friday ordered the Tamil Nadu Police read more »


38 senior officers from I-T, Customs, Excise Dept deputed to ED.


Appointments fast-tracked due go several pending high-profile case.

India’s premier anti-money laundering agency the Enforcement Directorate (ED) is on a head-hunting spree. In less than two weeks, 38 senior officers from the Income Tax and Customs and Central Excise Department have been selected read more »


"An MBA In Corruption": World's Top Oil Trader Paid Bribes For Years.


As recently as July 2020, while publicly repeating those assurances, Vitol was bribing government officials in Ecuador and Mexico.

For years, the world's largest oil trading firm has maintained that it has "zero tolerance" for corruption. Now Vitol Inc. has admitted that it read more »


GST evasion of over Rs. 11,500 cr detected in special drive; 114 arrested.


Law Committee of GST Council has suggested a two-pronged strategy to curb fake invoice.

GST officials have detected fake invoices of GST amounting to over Rs. 11,500 crore in a near month-long nationwide drive. This is over 10 per cent of the monthly read more »


6 Arrested At Delhi Airport For Smuggling Gold, Cigarettes Worth Rs. 1.79 Crore: Customs.


These passengers also smuggled in around 18 lakh sticks of foreign origin cigarettes worth around Rs. 2.41 crore in the past, the statement issued by the Customs (preventive) said.

New Delhi: Customs officials arrested six people at the international airport here for allegedly read more »


Visakhapatnam GST Intelligence arrests CA for major GST fraud.


Directorate General of GST Intelligence (DGGI) Visakhapatnam Zonal unit has busted a major fake input tax credit (ITC) racket being operated by a 28 year-old Chartered Accountant based at Guntur. The CA was involved in issuing fake GST invoices to the tune of around Rs. 30 crores read more »


With 'Operation Kruger', Mumbai DRI Busts Major Inter-continental Racket of Drug Smuggling.


Acting on an intelligence tip-off, officials of DRI Mumbai intercepted a parcel which had arrived from South Africa to a hub of a Mumbai-based international courier company.

In a planned operation codenamed 'Kruger', which lasted for over seven days, the Directorate of Revenue Intelligence read more »


CVC concerned at prolonged delay in filing of property returns by officials.


Commission asks them to complete the exercise latest by November 30 or face disciplinary action

The Central Vigilance Commission (CVC) has expressed “deep concern” over a prolonged delay in filing of property returns by government officials and has directed them to complete the read more »


India is losing Rs 75,000 cr in taxes per year due to tax abuse by MNCs, evasion by individuals, says report.


The State of Tax Justice report said $10.3 billion, or 0.41 percent of the country's $3 trillion GDP, is lost in taxes every year due to global tax abuse

New Delhi: India is losing over $10.3 billion (about ?75,000 crores) in taxes every read more »


CBIC Chairman Ajit Kumar inaugurates GST Bhawan.


Central Board of Indirect Taxes and Customs (CBIC) Chairman M. Ajit Kumar, along with members of the Board inaugurated the GST Bhawan, Panchkula,  Haryana. The state of the art building will house the offices of Central GST at Panchkula. It has been built at a cost of read more »


66.4 kg gold smuggled through Myanmar border & headed for Punjab seized.


The gold, headed for Punjab, was found to be concealed inside the fuel tanks of the trucks, said officials.

The Department of Revenue Intelligence’s (DRI) Delhi unit on Thursday caught two trucks suspected to be carrying foreign origin gold, smuggled into India through read more »


FM Sitharaman hands over coins of ancient, medieval period to Prahlad Singh Patel.


The confiscated coins belong to the Sultanate and Mughal era from the period 1206 to 1720 AD.

New Delhi: Union Finance Minister Nirmala Sitharaman on Wednesday (November 11) handed over confiscated ancient and medieval period antiquities/ coins to Union MoS for Tourism and Culture, read more »


GST Compliance tightened: Buyers from big firms to show valid e-invoices for tax credit.


It has been touted as a game changer, and one of the reasons why the proposed overhaul of GST return-filing system was abandoned earlier this year as it was thought that e-invoicing could achieve the same objective without unsettling the current system.

E-invoicing system read more »


Ghatkopar businessman evades Rs 14 crore Customs duty, held.


MUMBAI: Directorate Revenue of Intelligence (DRI) on Thursday arrested a Ghatkopar businessman for importing huge quantities of various brands of whey proteins by undervaluing them and evading Customs duty of Rs 14 crore.

DRI Mumbai arrested Hardik Shah (40) of Pearl International Import Export read more »


ED traces Rs 565 crore of illegal money transaction to Delhi based hawala operator Naresh Jain.


In September 2020, the Enforcement Directorate (ED) arrested Naresh Jain for running a transnational illegal money-laundering operation.

Key Highlights

·        A Delhi court has issued non-bailable warrants against Naresh Jain's son, read more »


70 lakh smuggled foreign-brand cigarettes worth Rs. 14 crore seized from Navi Mumbai port.


Officers from the Directorate of Revenue Intelligence (DRI), Mumbai zone, intercepted a container at Nhava Sheva in Navi Mumbai on Friday and seized 70.39 lakh smuggled foreign-brand cigarettes valued at Rs. 14 crore in illicit international markets.

An Uttar Pradesh (UP)-based syndicate is suspected read more »


Informer in Kerala gold smuggling case to get a reward of Rs 45 lakh.


Thiruvananthapuram: The person, who tipped-off the Customs about the gold smuggling through diplomatic baggage in Thiruvananthapuram, would get a reward of Rs 45 lakh.

The Customs gives Rs 150 per gram for those who provide accurate information about gold smuggling. Half the amount will read more »


Rs. 1,05,155 crore of gross GST revenue collected in the month of October 2020.


The gross GST revenue collected in the month of October, 2020 is ` 1,05,155 crore of which CGST is ` 19,193 crore, SGST is read more »


GST officials bust fake input tax credit racket in Delhi.


The anti-evasion branch of Central Goods and Service Tax (CGST), Commissionerate, Delhi (East) busted a major racket of claiming input tax credit (ITC) through fake e-way billing of Rs 1,278 crore, without actual movement of goods.

Seven different fake firms were floated with read more »