CGST Delhi detects Input Tax Credit fraud worth more than Rs 12 crore from 30 fake firms, one arrested

150 ViewsMinistry of Finance The CGST Delhi North Commissionerate arrested one person who received fake/goods-less invoices valued at Rs 71,22,95,370/- involving fraudulent Input Tax Credit of Rs 12,82,05,579/- from 30 bogus/fake firms. The modus operandi was to create various fake firms in the name of employees of the operator of fake firms and other persons. […]

Promoting Domestic Manufacturing

104 ViewsMinistry of Commerce & Industry Promoting growth of industries is a continuous and ongoing effort of the Government. Recently, Government has taken various steps, in addition to the ongoing schemes, to boost industrial production of India.  Infrastructure: The National Infrastructure Pipeline (NIP) was launched in December, 2019, under   which expenditure of Rs 102 lakh […]

Protecting IP Intensive Industries

115 ViewsMinistry of Commerce & Industry Intellectual Property (IP) intensive industry is not defined, however, this Department has taken various initiatives to strengthen Intellectual Property Rights (IPR) Regime in India like legislative improvements, modernisation of IP offices, manpower augmentation, use of IT and technology, e-filing of applications, acceptance of email in all IPO transactions, online […]

Features of Start Up India

211 ViewsMinistry of Commerce & Industry Startup India initiative was announced by the Prime Minister of India on 15th August, 2015. The flagship initiative has an objective to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities.  Further to this, an […]

3rd National GST Conference held on 6th March, 2020

134 ViewsPress Release by GST Council Secretariat{ID No.: F.No.: 271/3rd GST Conference/GSTC/2020} The 3rd National GST Conference of Commissioners of State Tax and Zonal Chief Commissioners of Central Tax was held on 6.3.2020 at Vigyan Bhavan, New Delhi under the chairmanship of Dr. Ajay Bhushan Pandey, Union Finance Secretary. Smt. Nirmala Sitharaman, Hon’ble Union Finance […]