Several jewellers in Hyderabad and Mumbai are allegedly trying to evade Goods Service Tax (GST) by ferrying gold and gold ornaments between Mumbai and Hyderabad without paying taxes.
Raises concerns of Nagpur Division Life Insurance Corporation Employees Union, which had submitted to him a memorandum regarding issues of insurance industry
It is learnt that most of the States opposed the move in a meeting held to elicit their views recently. The States fear that they might lose out on receivable electricity duties if it was brought under the GST.
They have been identified as Ajay Kumar, a resident of Karnataka, Aman Kumar aka Rupesh, a resident Jharkhand, and Vishal aka Abhishek Singh from Bihar.
The demand notice, issued by the Gurugram Zonal Unit of the Directorate General of GST Intelligence on October 16, states that if the company fails to pay the tax a show-cause notice would be issued
The objective should be to minimise revenue loss, thereby addressing the valid concerns of States as they relinquish a significant source of fiscal autonomy
One person who fraudulently claimed refund was arrested on October 11 and produced before the Court for Economic Offences here and remanded to judicial custody, an official release said
States were also required to pass amendments to state GST (SGST) laws. So far, 18 states have passed the amendments either in their assembles or through ordinance.
Delhi Finance Minister Atishi criticised the Centre over the imposition of 28 per cent tax on online gaming industry, adding that the Council should consider withdrawing the tax evasion notices