Shell companies issued counterfeit invoices worth Rs. 1,008 crore with illegal tax credit of Rs. 180 crore Bengaluru: In a joint operation, the Commercial Tax authorities of Karnataka and Kerala have busted a large-scale fraud encompassing more than 100 bogus firms engaged in the issuance of fake tax invoices and creation of fake Input Tax…
The arrested trader had issued fake invoices through shell companies, evading tax worth Rs. 14 crore Mysore/Mysuru: In a major crackdown, the Officers of Headquarters Preventive Unit, Central Tax GST Office, Siddarthanagar, Mysuru, have unearthed a sophisticated fake invoice racket, involving a tax evasion of over Rs. 14 crore for GST bills of Rs. 60…
Mysore/Mysuru: Confederation of Indian Industry (CII), Mysuru Zone, has organised an insightful and exclusive session on the “Latest Trends and Amendments in GST” on Friday (Nov. 10) from 2 pm to 6 pm at Hotel Regenta Central Herald in city. This session is a must-attend for industry professionals, finance experts and tax enthusiasts, providing valuable…
Mysore/Mysuru: Riyaz Ahmed, Assistant Professor in Finance, SDM Institute for Management Development (SDM-IMD), Mysuru, was invited by the National Institute of Public Finance and Policy – NIPFP (a research institute under the Ministry of Finance, Government of India) to present the research paper titled “Impact of GST on Indian Companies – A Panel Data Analysis”….
Mysore/Mysuru: The Central Board of Indirect Taxes and Customs, in its Notification dated 1st August, 2022, has made it compulsory to issue e-Invoice with effect from 1.10.2022, by those whose turnover exceeds Rs.10 crore. To understand the system, following tips are provided to the GST registrants: 1. Who are covered? a. Taxpayers whose aggregate turnover…
S. Venkatesh, Superintendent of Central Tax & Customs, Mysuru, receiving GST Appreciation Certificate from Finance Minister Nirmala Sitharaman at New Delhi recently on the occasion of 5th GST Day celebrations as others look on. He was awarded for rendering dedicated and meritorious service and promoting excellence in administration of GST.
Finance Minister Nirmala Sitharaman honours him with Presidential Award Kollegal: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman conferred the Presidential Awards in the form of Appreciation Certificates and Medals for “Exceptionally Meritorious Service at Risk to Life” and “Specially Distinguished Record of Service” to the officers and staff of Central Board of Indirect…
GSTN or Goods and Sales Tax Number is now necessary for business or individual service providers in India. The Government of India issues the GST number to businesses, individuals, and organizations. Especially MSMEs and SMEs. One can get their own GST number or a GST number for their businesses after registering on the government portal. …
From Jan.1, 2021, many rules are going to change, that includes implementation of Positive Pay system to curb cheque frauds, mandatory FASTags for all four-wheelers across India and new mode of GST return filing facility for small businesses. So, before the new rules roll out, here is a lowdown on the new rules / systems:…
CII holds seminar on “Legacy Dispute Resolution Scheme, GST New Returns and Budget 2019” Mysuru: The new monthly GST return filing system will be rolled out from October, said P.M. Prabhakaran, Partner & Advocate, Lakshmikumaran and Sridharan, Attorneys. Speaking during the one-day seminar on ‘Legacy Dispute Resolution Scheme, GST New Returns and Budget 2019’ organised…
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