Wednesday, March 6, 2019

Income Tax Dept arrests Promoters suspecting Circular Trading

The income tax officers, after a raid conducted in the business premises, have arrested several promoters of companies suspecting Goods and Services Tax ( GST ) evasion by such companies through circular trading. While several insiders suspect circular trading may be used to inflate turnover or for bringing in black money in system, tax experts […]

The post Income Tax Dept arrests Promoters suspecting Circular Trading appeared first on Taxscan | Simplifying Tax Laws.



from Taxscan | Simplifying Tax Laws https://www.taxscan.in/income-tax-arrests-promoters/34011/

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