DCP Ajit Rajian said central GST agency found some suspicious transactions in bogus firms floated in the name of Mahesh Langa's wife and father using forged documents.
Overall, GST being evaded has been rising sharply, but recovery has failed to keep pace. Maharashtra is epicentre of GST evasion, with outsized share in both absolute & relative terms.
GST was first introduced in India on 1 July, 2017. But tax experts now call for key reforms, such as setting up tribunals for appeals and including petroleum products in the regime.
Prime Minister Narendra Modi’s visit to the Sultanate of Oman this month offers a good opportunity to look at India-Oman relations in a long historical perspective.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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