UP vendor accused of Rs 366-crore GST fraud: Report
By MYBRANDBOOK
Accusing a street vendor in Uttar Pradesh of collecting Rs 366 crore via tax fraud, GST (Goods and Services Tax) officials raided him earlier this week.
The 40-year old man, who sells clothes in Muzaffarnagar, said he made Rs 500 per day and was stunned by the allegations. He said he had a GST account two years ago, when he ran a tiny scrap shop. Because of losses, he abandoned that work and started selling clothes. But he said he had asked a professional to close that account.
After his home was raided this week, the man flagged the matter to the GST department and submitted the necessary documents to it. After his complaint, a senior official said a thorough investigation was started into the matter.
"Bills worth over Rs 300 crore has (sic) been issued," JS Shukla, the joint commissioner at the west UP GST department's special investigation branch said. "It seems to be a huge racket."
The officials are questioning several firms and persons in connection with the matter.
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
ATRIE TECHNOLOGY PVT. LTD.
MICROTEK INTERNATIONAL PVT. LTD.
GLOBUS INFOCOM LTD.
CP PLUS INDIA PVT. LTD.
Technology Icons Of India 2023: Debjani Ghosh
Debjani Ghosh is the first woman president of NASSCOM (the umbrella bo...
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...