The Gurugram Zonal Unit of Directorate General of GST Intelligence has busted a major fraudulent Input tax Credit (ITC) racket involving 461 fake entities, which […]
Tag: GST
GST violations case: Finance ministry refuses to act on insurers’ plea, refers matter to Irdai
The finance ministry has declined to intervene in a plea for relief made by the insurance industry, which is facing penal action from tax authorities […]
Income Tax investigation against insurers widens to banks
The income tax (I-T) department last week sent notices to two large private banks in its ongoing probe into alleged malpractices involving commission payments by […]
Commission caps gone, insurers to face more competition
The recent move to abolish the commission cap by the insurance regulator has intensified competition among insurers, particularly unlisted players keen to wrest market share. […]
Transactions worth Rs 12,000 crore by insurers under taxman’s lens
Transactions of more than ₹12,000 crore are under the scanner of the income-tax department that is probing several commission agents of insurance companies over alleged […]