Tuesday, October 30, 2018

GST dept unearths Shell Companies in Cotton Trade in Ludhiana

The Goods and Services Tax ( GST ) department has reportedly detected a scam by three shell firms which sold cotton to five firms of Ludhiana. Such firms claimed the input credit tax (ITC) to the tune of Rs 7.5 crore from the authorities. The CGST authorities in Hisar reported the matter to their counterpart […]

The post GST dept unearths Shell Companies in Cotton Trade in Ludhiana appeared first on Taxscan | Simplifying Tax Laws.



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