Connect with us

Business

Maharashtra: DGGI detects evasion of GST by 2 liquor manufacturers.

Published

on

The Directorate Common of Items and Providers Tax Intelligence (DGGI) has discovered alleged evasion of GST collectively price over Rs 108 crore by two liquor producers in Aurangabad and Nanded districts of Maharashtra.

The DGGI Nagpur zonal unit, in an announcement issued on Friday, stated that tax evasion got here to mild following searches carried out on July 28 and 29 on the two liquor manufacturing models.

“The searches revealed that whereas the taxpayers had been paying GST on part of the clearances of alcohols not fit to be eaten, the clearances of a particularly giant amount of alcohols not fit to be eaten had been suppressed and such clearances had been neither being mirrored within the GSTR 3B returns filed by them nor was any GST being paid on such clearances,” it stated.

The overall quantity payable by them beneath Rule 6 of the CENVAT Credit score Guidelines, 2004 is estimated to be Rs 5 crore.

Business

Virtual bilateral summit between Mahinda Rajapaksa and PM Modi will hold on Saturday.

Published

on

Prime Minister Narendra Modi and his Sri Lankan counterpart Mahinda Rajapaksa will hold a virtual bilateral summit on September 26, the Ministry of External Affairs said on Wednesday.

The ministry said the summit will give an opportunity to the two leaders to comprehensively review the broad framework of the bilateral relationship. The two leaders are expected to deliberate on a host of issues like ways to further deepen anti-terror cooperation, boost overall defence and trade ties as well as implementation of India’s development projects in Sri Lanka.

The long-pending Tamil issue in Sri Lanka is also likely to figure in the talks.India has been pitching for fulfilling the aspirations of the Tamil community in the island nation.

“The virtual bilateral summit will give an opportunity to the two leaders to comprehensively review the broad framework of the bilateral relationship soon after the Parliamentary elections in Sri Lanka and in the context of the time-tested friendly ties between the two countries,” the MEA said in a statement.

Last month, Rajapaksa was sworn in as Sri Lankan prime minister for a fresh term after his party, Sri Lanka People’s Front, secured a two-thirds majority in the parliamentary polls.

Continue Reading

Trending