Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. This money is almost half of Vivo's turnover of Rs 1,25,185 crore, it said without stating the time period of the transaction. The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
H'Right now, it is like thousands of fireflies floating in my mind.' 'I've heard Aamir Khan is making the Mahabharat, but the Mahabharat is open to so many interpretations.' 'It really doesn't matter how many times we visit it.'
Pakistan media reports stated that the decision to oust Imran Khan was taken by Bajwa and three senior lieutenant generals at a meeting which took place after the army chief and Lieutenant General Nadeem Anjum -- director-general, Inter Services Intelligence, the ISI -- met Imran Khan.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
The Kerala high court on Wednesday upheld the Centre's decision to deny security clearance to Malayalam news channel Media One saying it was of the view there were certain aspects, in the intelligence reports about the channel which affect public order or national security.
If Manto, the film, falls short of being a masterpiece it's because Nandita Das could not quite crack the Manto code: She couldn't quite see the wholeness of her subject with the same eyes that Manto saw his people. This imperfection in the film, in a way, becomes the greatest tribute to Manto, feels Sreehari Nair.
'Pakistan's provision of safe haven to the LeT a will probably continue to be a key irritant in relations with India'
He also held another meeting with a delegation of civil society organisations as part of his outreach and they expressed their commitment to peace and assured that they would work for restoring normalcy in Manipur.
Virk on Saturday said the state police should have been more prepared to deal with such a situation.
Deepa Gahlot lists 10 popular Mani Ratnam films that you can watch on streaming platforms.
'Khalistan would have been in existence today, but for the army.'
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
Unidentified gunmen have shot dead a 'businessman' in Karachi who Indian intelligence officials said was Jaish-e-Mohammed terrorist Mistry Zahoor Ibrahim, involved in the 1999 hijacking of Indian Airlines plane IC-814 and fatal stabbing of passenger Rupin Katyal.
Unidentified gunmen have shot dead a 'businessman' in Karachi who Indian intelligence officials said was Jaish-e-Mohammed terrorist Mistry Zahoor Ibrahim, involved in the 1999 hijacking of Indian Airlines plane IC-814 and fatal stabbing of passenger Rupin Katyal.
The new appointment from the Pentagon comes a day after Trump fired Defence Secretary Mark Esper and designated the National Counter Terrorism Center Director, Chris Miller, as the Acting Secretary of Defence.
United States President Donald Trump is set to approve the release of a controversial memo accusing the Federal Bureau of Investigation of abusing its surveillance tools during its probe into alleged Russian collusion in the 2016 presidential election, setting up a clash with the intelligence agency.
'In investing, you have to first make sure you don't make big mistakes.' 'I would advise small investors to be systematic, don't be arbitrary; don't be on either end of the risk spectrum.' 'Don't go from fixed deposit to option trading or crypto trading.'
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
'Therefore, these people want Imran Khan out of the elections whenever it is held.' 'For this, he will have to be disqualified from contesting on the basis of cases against him, declaring that he is not sadiq (honest) and ameen (righteous).'
In a year where we can find positives in wins for the great Gulabi Gang documentary and ace cinematographer Rajeev Ravi, the silver lining doesn't seem as wide if our priorities remain as skewed.
It claimed that Pakistani smugglers many times tried to use the Gujarat coast to smuggle drugs, but all such attempts were foiled.
Another extension for General Bajwa in office at this juncture looks unlikely at this juncture, observes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
'Under Doval, foreign powers traditionally suspicious of India were wooed.' 'Enemies were embraced.'
Calling COVID-19 pandemic and vaccines as one of the most important aspects of his discussions with top officials of the Biden administration, External Affairs Minister S Jaishankar has said the endeavour is to expand production of vaccines in India with assistance from the US.
British Prime Minister Rishi Sunak on Monday unveiled a new scheme for the world's 100 most talented young professionals in the field of artificial intelligence (AI) as part of his vision to make the UK a "beacon" to attract the "brightest and best" from around the world. Addressing the Confederation of British Industry (CBI) annual conference in Birmingham, Sunak told an audience of business chiefs and professionals that control over the country's post-Brexit immigration policy remains crucial. However, he pledged to create "one of the world's most attractive visa regimes for entrepreneurs and highly skilled people" and make use of the "Brexit freedoms" to strike trade deals with "the world's fastest-growing economies".
Customs sleuths will be posted in London, Hong Kong, Dubai and Brussels in an effort to check trade-based money-laundering among others.
Unfazed by the widespread criticism of his comments against the Hindi film The Kashmir Files, Israeli director and IFFI international jury chair Nadav Lapid said he stands by his remarks as he "knows how to recognise propaganda disguised as a movie".
'All Pakistan army chiefs follow a consistent line as far as India is concerned.'
"He's a man of tremendous talent and tremendous experience," said Trump of his new appointment.
Comey states that Trump asked him on several occasions to publicly state that he was not under investigation.
'A fragile Sri Lanka will have a serious impact on the security of India.'
The seized hazardous cargo containers were en route from Karachi in Pakistan to Shanghai in China, and the containers were not destined for Mundra Port.
Prime Minister Narendra Modi on Friday mooted the idea of "One Nation, One Uniform" for the police, saying it is just a suggestion for consideration and he is not trying to impose it on the states.
Director of National Intelligence Dan Coats' remarks came days after a group of Pakistan-based Jaish-e-Mohammad terrorists struck the Sunjuwan Military Camp in Jammu on Saturday, killing seven people including six soldiers.
The United States National Security Agency illegally intercepted thousands of e-mails from Americans with no connection to terrorism and misled the court about the scope of what it was doing, according to latest declassified documents.
National Security Advisor Ajit Doval will hold crucial talks with the top US leadership, including his counterpart Jake Sullivan, on the first high-level dialogue on Initiative for Critical and Emerging Technologies (iCET).
Pakistan's ISI chief Lt Gen Nadeem Ahmed Anjum said on Thursday that Army chief Gen Qamar Javed Bajwa was given a "lucrative offer" in March by the then government amidst the political turmoil, as the powerful top spy launched a veiled attack on ousted premier Imran Khan at an unprecedented press conference.
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