Input Tax Credit

Arrests Made in Rs. 9 Crore Input Tax Credit Fraud

Official Press

Official Press

Share

The CGST & Central Excise Raigad Commissionerate has arrested two individuals for fraudulently availing Input Tax Credit (ITC) of over Rs. 9 crore through fictitious firms in New Panvel, Mumbai. The accused created shell companies and issued invoices without actual supply of goods or services. The investigation revealed that the directors of the involved firm, Jaisha Metals Private Limited, were actively engaged in this fraudulent activity. Both individuals have been remanded to judicial custody as further investigations continue to identify other participants in the scheme.

Source: Original Link

Read more

APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link