- Tag results for Tax evasion
12 kg gold, 626 carats of diamonds seized during Saravana Stores raids; tax evasion worth Rs 433 crore
The raids also revealed that money was being paid in real estate aggregation through the real estate firms.
Senior advocate and former union minister Kapil Sibal appears for DK Shivakumar.
While it was introduced by the Modi government in November 2016 to curb black money, reports suggest that the government now suspects that the Rs 2,000 note is being used for tax evasion.
According to the documents seized, fake invoices covering goods worth more than Rs 220 crore were issued without supply of goods.
During the current financial year 2018-19 (between April 2018 and November 2018), 3,196 cases of suspected GST evasion amounting to Rs 12,766.85 crore have been identified.
Further, the Protocol incorporates changes required to implement treaty related minimum standards under the Action reports of Base Erosion & Profit shifting (BEPS) Project.
The bulk of the evasion was detected in case of service tax. The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore.
Egypt froze Aboutrika's assets in 2015 and placed him on a no-fly list in 2017 over allegations of links to the outlawed Muslim Brotherhood, labelled a terrorist organization.
As many as 20 fake firms spread across Andhra Pradesh and Telangana are identified and one such firm detected, for instance, is registered with GSTN in the name of a sanitation worker.
Ravindranath is a senior TDP leader and owned petrol filling and gas filling stations.
I-T officials reportedly drawn from neighbouring Telangana and Odisha and also from Chennai and Bengaluru reached Visakhapatnam on Wednesday night itself.
According to sources, the Tax department officials found irregularities in the income they generated by organising events and expenditure.
One of the firms identified by ITD officials is V V minerals of Tamil Nadu.
Following the Enforcement Case Information Report filed by the agency, Shivakumar and his associates are expected to be summoned to Delhi for questioning.
With most of the loose ends tied up with regard to Goods and Services Tax (GST), the revenue department has now decided to focus on enforcement with a view to shore up revenues by checking tax evasion