Restaurants Hit by LPG Fears, Tax Probe, Service Charges
India’s restaurant industry is facing multiple pressures at once. This is adding fresh strain on a sector already dealing with rising costs and thin margins....
Tag : tax evasion
Karnataka GST Dept Uses UPI Data to Nab 13,000 Evaders; Vendors Avoid Digital Payments
Using digital payment data as evidence, the Karnataka State Commercial Taxes Department has issued show-cause notices to nearly 13,000 small businesses and street vendors. This...
Government Flagged 67,970 Suspicious GST Registrations, Detected Rs 10,179 crore Tax Evasion
Authorities have refined the risk parameters to target potential fraud more effectively, building on insights from a similar drive last year. 59% of the identified...
DGGI Detected Rs 2.01 Lakh Crore in GST Evasion During FY 2023-24
The Directorate General of GST Intelligence (DGGI) has uncovered a record number of tax evasion cases for the first time, with approximately 6,084 cases involving...
Polycab India Shares Plummet 9% on Rs 200 Crore Tax Evasion Report
Polycab India Ltd shares plummeted 9% on 9 January after the reports surrounding Rs 200 crore tax evasion hit the street. According to a media...
CBIC Found Nearly 25% of GST Accounts to be Fake, Rs 5,000 Crore of Tax Evasion
The Central Board of Indirect Taxes and Customs (CBIC) has found significant evidence in its two-month special drive that around 25% of the 69,000 suspected...
Shree Cement Shares Plunge 10% on Allegations of Rs 23,000 Crore Tax Evasion
Shares of Shree Cement tanked as much as 10% in early trade on Monday after Income Tax (IT) officials alleged that the company evaded Rs...
Govt Gives Infosys 15 Days to Resolve GSTN Glitches
Infosys Ltd has to fix the glitches in GST Network (GSTN) portal within 15 days they have led to difficulties for taxpayers and have been...