Fake in India

Posted on   11:44 am

In a shocking claim, the Directorate General of GST Intelligence (DGGI) said it has busted a racket of fraudulent companies engaged in raising fake tax invoices worth Rs 220 crore to avail of input-tax credit.

Newborn insects trapped hatching in amber

Posted on   11:31 am

Scientists have discovered fossilised newborn insects and egg shells preserved together in amber dating back to 130 million years, which provide the first direct evidence of how prehistoric critters hatched.

12, 18 per cent GST slabs to be merged with rise in revenues: Jaitley

Posted on   11:29 am

Finance Minister Arun Jaitley Monday hinted at further rationalisation of GST by merging the 12 and 18 per cent slabs, while criticising Congress for oppressing the country with a high indirect tax rate of 31 per cent. With an increase in revenue, India will eventually have a standard goods and services tax (GST) rate between 12-18 per cent for commonly used goods. This would be in addition to 0 per cent and 5 per cent for essential items and a higher rate for luxury, sin and demerit goods.