Any conspiracy theories on why did GST council pass the 28% GST bill on face value all of a sudden? What is the catch?
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News Discussion on
by Thomas_Shelby
Swiggy
40,000Cr GST notice to Dream11
40,000Cr to Dream11 20000Cr to GamesKraft 16,000Cr to Deltacorp This will be a major blow to the online betting industry. All the top companies have taken a major hit. Will be interesting to see how they recover from it. Deltacorp shares already down 18% today!
Central Board of Indirect Taxes and Customs is likely to send show cause notices to over 40 skill-gaming companies for alleged tax evasion a...
https://www.moneycontrol.com/news/business/dream11-parent-approaches-bombay-high-court-challenging-gst-evasion-notice-11426751.html
News Discussion on
by Kamlesh
Stealth
Does govt not look at verified financial transactions for GST?
Came across this GST scam that the gang was running by generating fake invoices and bills through bogus companies created using fake IDs. Why didn't the govt actually check if those transactions happened or not with the banks before granting input tax credit to the shell firms? Does it still not check with banks directly, or has it changed?
The suspect has been identified as Vikas Dabas, a resident of Mubarikpur in Delhi, said Shakti Avasthy, deputy commissioner of police (crime...
https://www.hindustantimes.com/cities/noida-news/noida-police-arrest-prime-suspect-in-10-000-crore-gst-fraud-101709052631973-amp.html