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Additional Director General LS Gangte in a statement said a trader was engaged in receipt and issuance of fake invoices of coal. The firm showed purchase of coal from Gujarat, Punjab and Delhi to his Guwahati unit to avail Input Tax credit. The unit subsequently issued invoices to Cement Manufacturers, Coke Manufacturers, and other traders etc in North East without supply of any goods.
Massive currency market intervention may not impact monetary policy independence: ReportForex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI… Read MoreAbout 20 Congress MLAs meet CM Ashok Gehlot at his residence in JaipurThe Congress in Rajasthan plunged into a crisis on Sunday as several MLAs loyal to Chief Minister Ashok Gehlot resigned over a possible move to appoint Pilot as Gehlot's successor, their rebellion erupting just ahead of a Con… Read MoreI-T notices being sent to winners of online games for short-payment of tax: CBDT chief Nitin GuptaThe department has started alerting the winners on the tax compliance dashboard wherever there is a mismatch in income and tax payments. The I-T department action comes close on the heels of the GST intelligence wing issui… Read MoreRupa Huq loses whip after 'racist' comments on Chancellor Kwasi Kwarteng. Here's what she saidRupa Huq said that Chancellor Kwasi Kwarteng was “superficially” a black man attending an expensive school like Eton. The Labour Party has condemned their MP’s remark and suspended her whip in the parliament. David Lammy has … Read MoreIn Mumbai, taxi and auto fares to go up by Rs 3 and Rs 2 from October 1
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