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EV industry wants removal of GST anomalies: SUN Mobility's Maini

EV industry wants removal of GST anomalies: SUN Mobility’s Maini

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[ad_1] The Goods and Service Tax Council needs to remove the existing discrepancies for electric vehicles and their components, SUN Mobility’s co-founder Chetan Maini said. In an interview with DH’s Anjali Jain, Maini, who had founded India’s first electric car maker Reva (which was later acquired by Mahindra), spoke about SUN Mobility’s expansion plans, and …

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Exchange control requirements for betting and gambling in India

Exchange control requirements for betting and gambling in India – Copy

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[ad_1] Indian foreign exchange laws prohibit foreign currency transactions pertaining to betting and gambling. Foreign exchange laws are under the ambit of union government and the restriction is therefore common across the country irrespective of whether a state permits betting and gambling or not. Read: The legal framework for betting and gambling If a gaming …

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ED’s money laundering probe exposes massive GST fraud network worth ₹1,102 crore

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[ad_1] The Directorate of Enforcement (ED) launched a money laundering investigation and conducted extensive searches across 25 cities across the country including Ahmedabad, Gandhinagar, Bhavnagar, Botad, Gandhidham, Mumbai, and Bengaluru in connection with a massive GST Input Tax Credits (ITC) fraud case. During the weekend operation, ED carried out searches at 25 locations and confiscated …

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Nri: Accountant Dupes Nri Of 1.19 Crore Using Fake Purchase Bills | Ludhiana News

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[ad_1] Times News Network Ludhiana: An NRI from Ludhiana has been conned of more than Rs 1.19 crore by his accountant, who he had given charge of running affairs of his city-based steel company. The accountant made fake purchase bills in the name of the company and transferred the money into the accounts of his …

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Karnataka collected Rs.10,317 crores through GST in the month of May 2023

Karnataka collected Rs.10,317 crores through GST in the month of May 2023

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[ad_1] Bengaluru: Karnataka collected Rs 10,317 crore through GST. After the Congress government came to power in the state, there is an increase in the GST collection. Karnataka is consistently ranked second in GST collection after Maharashtra. Karnataka’s revenue is significantly higher than Gujarat’s Rs 9,800 crore and Tamil Nadu’s Rs 8,953 crore during the …

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GST fraud case: ED searches at 25 locations

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[ad_1] Teams of Directorate of Enforcement (ED) carried out search operations at 25 locations on Friday in Ahmedabad, Gandhinagar, Bhavnagar, Botad, Gandhidham, Mumbai and Bengaluru in connection with the case against Mohammad Ejaj Bomar and others. The accused are booked under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 due to their …

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A welcome ruling by Karnataka HC on virtual fantasy games vis-à-vis GST

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[ad_2] The Karnataka High Court recently delivered an important judgment that has far-reaching implications for the online gaming industry in India. In a case involving Gameskraft Technologies Private Limited (GTPL), the court quashed a whopping tax demand of GST of Rs 21,000 crore, the largest ever issued in India. This ruling not only clarified the …

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India to Become World’s Largest Automobile Market in Next Five Years: Nitin Gadkari

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Last Updated: June 03, 2023, 11:31 IST The Union minister for road transport and highways was addressing a gathering in Vapi town of Gujarat’s Valsad district after inaugurating ‘Rajju Shroff ROFEL University’ campus. Also Read: Renault Nissan Automotive Pvt Ltd Makes Strides Towards 2045 Carbon Neutrality Goal “At present, the size of the Indian automobile industry …

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ICAI approves Release of Utility to Determine Materiality by CAQ

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The Central Council of Institute of Chartered Accountants of India (ICAI) has approved the release of the utility to determine materiality by the Centre for Audit Quality (CAQ) of ICAI in the meeting held on 25th May 2023. The utility will help the members to calculate the overall materiality for the assurance engagements based on …

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