
DGGI busts fake GST invoice syndicate
As per the ministry of finance, the ongoing investigation has also revealed the involvement of bank officials in the establishment of bank accounts under the names of fictitious firms.
As per the ministry of finance, the ongoing investigation has also revealed the involvement of bank officials in the establishment of bank accounts under the names of fictitious firms.
Households added net financial assets of ₹22.8 lakh crore in 2020-21, nearly ₹17 lakh crore in FY22 and ₹13.8 lakh crore in FY23.
The net direct tax collections include corporation tax at ₹4,16,217 crore (net of refund) and personal income tax including securities transaction tax at ₹4,47,291 crore (net of refund).
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
International credit cards are being issued with limits in excess of the current LRS limit of $2,50,000, says Ministry of Finance
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
Investments in held-to-maturity securities by the Indian banks are limited to 23% of deposits, according to the monthly economic review for March.
Stand Up India scheme was launched on April 5, 2016, in order to promote entrepreneurship at the grassroot level amongst women, and SC/ST (Scheduled Caste/Scheduled Tribe) category.
On a month-on-month basis, Feb collection declines; Centre says Feb being a 28-day month saw a relatively lower revenue collection
The highway ministry is likely to get gross budgetary support to the tune of ₹2.10 lakh crore in the upcoming budget.