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GST officers arrest one person for fraudulently availing ITC of more than Rs 16 crore

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has unearthed a case wherein a series of entities controlled by a person as Proprietor / Director of M/s Umang Overseas, M/s Ulagarsan Impex Put Ltd and M/s Umang Impex Private Limited, was found to be involved in availing and passing fraudulent Input Tax Credit (ITC) of Rs 16.74 crore without receipt of goods…

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FASTag made mandatory for availing all discounts on national highways fee plazas | Economy News

New Delhi: The Ministry of Road Transport and Highways has made the use of FASTag mandatory for availing return journey discount or any other exemptions on Toll Fee Plazas.

Users who wish to claim a discount for making return journey within 24 hours or any other local exemptions, shall be required to have a valid functional FASTag on the vehicle.

A Gazette notification no. 534 E dated 24th…

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