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Revenue department to set up committee to deal with bogus e-way bills

Sunday, February 17, 2019, 6:45 PM

The revenue department is planning to set-up a committee of tax-officers to suggest steps-to-deal with bogus e-way bills. Many instances of bogus e-way bills and fake-invoices have come to notice of CBIC since April last year. "Instances on bogus e-way bills based on fake invoices have been detected since April and the tax evasion involved worked out to about Rs.5,000Cr," an official told PTI.
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Modi considers cheap loans, other help for small Indian businesses: Sources

Tuesday, January 22, 2019, 7:11 AM

Indian PM Modi is considering offering cheap loans and free accidental insurance coverage to millions of small businesses, two-government sources with direct knowledge of the matter said, as he tries to placate a key voter bloc ahead of a general election due by May. More measures are now being planned, said the sources, who declined to be named as the information was not public.
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GST collection drops to Rs.94,726 crore in December

Tuesday, January 1, 2019, 10:35 PM

GST collection dropped to Rs.94,726 crore in December 2018, lower than Rs.97,637 crore collected in the previous month. The total number of sales returns or GSTR-3B filed till 30 December 2018, is 72.44 lakh, the finance ministry said in a statement. The government has settled Rs.18,409 crore to CGST and Rs.14,793 crore to SGST from IGST as regular settlement, it said.

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