GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. However, this monetary threshold will not be applicable in the case of habitual evaders or in cases where arrests have been made at the time of investigation. "One of the important considerations for deciding whether prosecution should be launched is the availability of adequate evidence," the GST investigation wing under the finance ministry said, while issuing instructions for launching prosecution.
Actor Rajat Kapoor reads a chapter from Raj Supe's latest book When Life Cartwheels.
An unbeaten 79 run partnership for the fifth wicket off just 40 balls between Tewatia and Miller took Gujarat to their 8th win of the season.
IMAGES from Day 4 of the Ranji Trophy final played between Mumbai and Madhya Pradesh at M Chinnaswamy Stadium in Bengaluru on Saturday.
Images from the IPL 2022 Playoff Eliminator match between Royal Challengers Bangalore and Lucknow Super Giants
Saurabh Kumar grabbed five wickets to play a big role in India 'A's series clinching 113-run victory
Mukesh got wickets with the new (4.3 overs), semi-new (35.3 overs) and old ball (57.4 overs)
Gehraiyaan will start streaming on Amazon Prime Video on January 25.
India, missing their top players, aim to punch above their weight and seal a memorable series victory against South Africa in the third and final ODI in New Delhi on Tuesday.
'This trope must have been taken in 30 films.' 'The rogue agent is a common trope and not something unique.'
Photos from the IPL 2022 match between Royal Challengers Bangalore v Sunrisers Hyderabad at Mumbai
Virat Kohli bounced back in style to score a patient half-century against the Gujarat Titans.
Images from the IPL 2022 Qualifier 2 Match between Rajasthan Royals and Royal Challengers Bangalore from the Narendra Modi Stadium in Ahmedabad, Gujarat on Friday 27th May 2022
Recurve mixed team of Tarundeep Rai and Ridhi Phor came form behind to pip Great Britain in the shoot-off on Sunday
Mumbai produced an incisive bowling display to bundle out Uttar Pradesh for a paltry 180 and take the crucial first-innings lead on the third day of their Ranji Trophy semi-final, in Bengaluru on Thursday.
Unheralded Mohan Bhardwaj also shared the limelight as he stunned reigning World champion Nico Wiener en route to winning a dream World Cup individual silver medal as Indian compound archers outshone their much-fancied recurve teammates.
However, police said the saw allegedly used by Poonawala to cut his live-in partner Shraddha Walkar's body is yet to be recovered.
'Children are curious by nature, so I thought of writing these books, which provide creative but convincing explanations and also teach values like sharing is caring,' Sudha Murty tells Chintan Girish Modi.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Harshal Patel and Glenn Maxwell led a clinical bowling performance to help Royal Challengers Bangalore register a 13-run win over Chennai Super Kings, pushing the defending champions to the brink of elimination.
IMAGES from the IPL match played between Gujarat Titans and Royal Challengers Bangalore
As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. "Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted.
Left-arm wrist spinner Kuldeep Yadav's sensational hat-trick and Prithvi Shaw's quick-fire half century (77) set up a four-wicket win for India 'A' against New Zealand 'A' in the second unofficial ODI.
'To go across 3 states and win Ranji trophies is a remarkable achievement and a true reflection of his dedication and commitment to the job. Well done Chandu'
The increase in the number of lady students is the result of the hard work by a team of ITI teachers who went from village to village, visiting every school and encouraging students to join the institute.
Subtlety has never been a strong suit of Bollywood remakes. They cannot resist adding that extra something or going overboard, sighs Sukanya Verma.
The All-India Senior Selection Committee of the BCCI has picked the squads for India's upcoming series against New Zealand and Bangladesh
For MP, Saransh Jain, Kumar Kartikeya and Anubhav Agarwal also took two wickets apiece. MP got seven points from the win. The outright-winning team gets six points while a victory of an innings or 10-wickets fetches seven points.
A summary of all the action from Day 2 of the Ranji Trophy matches played on Wednesday.
As it winds down its retail bank in the country, American lender Citi on Tuesday said it will be hiring 80 bankers in India over the next three years for its commercial banking vertical. The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific over the next three years, as per a statement. As per reports, the bank, which had taken a decision to exit the retail banking business in most of the markets globally, is in advanced stage of selling the business in India, with Axis Bank leading the race.
The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form -- GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said. The move would help curb the menace of fake billing, whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability. Currently, GSTR-3B of a taxpayer includes auto drafted input tax credit (ITC) statements based on inward and outward B2B supplies and also red flags any mismatch between GSTR-1 and 3B.
It's time for everyone to take on some hard-hitting questions from senior journalist Rajat Sharma in his 'adalat'.
Charitable trusts are liable to pay 18 per cent GST on grants and non-philanthropic donations received by them, the Maharashtra AAR has ruled. Jayshankar Gramin Va Adivasi Vikas Sanstha Sangamner, a Charitable trust registered under Maharashtra Public Charitable Trust Act 1950, had approached the Maharashtra bench of the Authority for Advance Ruling (AAR), seeking clarity on whether it is liable to pay GST on the amounts received in the form of donations/grants from various entities, including the central and state governments. The trust is also registered under the I-T Act as a charitable trust.
Mumbai's Yashasvi Jaiswal and Armaan Jaffer to put Uttar Pradesh on the back-foot by taking their overall lead past the 600-mark
At the annual general meeting of Reliance Industries earlier this week, Isha Ambani, director at Reliance Retail Ventures, announced that the company is foraying into the fast-moving consumer goods (FMCG) space. But analysts say that only time will tell if this will lead to a disruption in India's FMCG market. While Reliance Retail's initial strategy is to take its own brands, which it currently sells at its own supermarkets and hypermarkets, to general trade, it is also looking at acquisitions.
Royal Challengers Bangalore must thank their two unheralded batters Rajat Patidar and Mahipal Lomror for their crucial knocks which played a big role in their 13 run victory against the Chennai Super Kings.
The armed infiltrators were shot dead close to the Attari front around 2.30 am, official sources said.
Mumbai, Punjab, Karnataka, Himachal Pradesh and Bengal advance to QFs
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