Latest news with #Aadhaar
Hans India
2 hours ago
- Politics
- Hans India
Govt reduced land allotted to Metro for real estate lobby: Min
Bengaluru: Union Minister of State Shobha Karandlaje has accused the Congress-led Karnataka government of reducing the land allotted to the Bengaluru Metro Rail Corporation Limited (BMRCL) from 46 acres to just 9 acres in the prime Hebbal area in Bengaluru to 'benefit' the real estate lobby and illegal immigrants. The area falls under the Bengaluru North Lok Sabha constituency, which MoS Karandlaje represents. Speaking to reporters after inspecting the site, where a proposed multimodal transport hub was to be developed, MoS Karandlaje said, 'We are in the Hebbal area of Bengaluru. In 2000, under the leadership of then CM late S.M. Krishna, 51 acres of land in the Hebbal-Amanikere area were acquired. After encroachments, 48 acres remain today. Just a month ago, the current government decided to hand over this land to BMRCL for the development of a multimodal transport hub.' 'However, very recently, the allotment was reduced to just 9 acres. Why was this done? Why did the government backtrack from its original decision to allocate 48 acres and now grant only 9? Who is behind this decision? Which real estate mafia is influencing this move? Let us not forget - this land is situated en route to the Bengaluru International Airport,' she said. Emphasising the strategic importance of the location, she said, 'This is going to be a major junction. A Metro station, BMTC depot, Ring Road connection, and NHAI roads are all planned here. The area is ideal for a multimodal transport hub that can significantly ease traffic congestion on the airport road.' 'But now, the government and the minister in charge have colluded to override the previous decision. How much money exchanged hands? How much was given to Randeep Singh Surjewala? These questions need answers,' she said. She added that local farmers, who had given up their land for development, are now demanding it back if it is going to be handed over to private parties. 'People from various states have settled here. There are Bengalis, Rohingyas. Anti-national activities are reportedly taking place. Garbage and bottles from across Bengaluru are dumped here. No one knows who these people are. Many claim to be from Kolkata and possess Aadhaar cards, some of which are fake, along with fake voter ID cards. They claim to have lived here for 10 to 15 years,' MoS Karandlaje said.
Mint
3 hours ago
- Business
- Mint
GST officers detect ₹15,851 cr fraudulent ITC claims in April-June, 3,558 fake firms uncovered
New Delhi, Jul 20 (PTI) GST officers have uncovered fake input tax credit (ITC) claims of ₹ 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. panel of state finance ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check input tax credit (ITC) fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by central and state GST officers during the June quarter of FY26, ₹ 15,851 crore worth ITC was found to have been fraudulently passed involving 3,558 fake firms. During the period, 53 persons have been arrested by GST officers and ₹ 659 crore recovered. In the Q1 of FY25 , GST officers had detected ₹ 12,304 crore fake ITC involving 3,840 fake firms. ₹ 549 crore was recovered and 26 persons were arrested. Under the Goods and Services Tax (GST) regime, ITC refers to the taxes paid by businesses on purchases from suppliers. This tax can be claimed as a credit or deduction at the time of paying the final output tax. Dealing with fake ITC has been a major challenge for the GST administration as unscrupulous elements were creating fake firms just to claim ITC and defraud the exchequer. During 2024-25, GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth ₹ 61,545 crore. GST officers have carried out two pan-India drive against fake registration under Goods and Services Tax (GST). In the first drive against fake registration between May 16, 2023, and July 15, 2023, a total of 21,791 entities having GST registration were discovered to be non-existent. An amount of ₹ 24,010 crore of suspected tax evasion was detected during the first special drive last year. In the second drive between April 16 and October 30, 2024, GST officers have detected about 18,000 fake companies registered under GST, which have been involved in tax evasion of about ₹ 25,000 crore, To deal with this, the GST registration process has been made stringent with checks on risky applicants. While non-risky businesses are to be granted GST registration within 7 days, physical verification and Aadhaar authentication are mandatory for those those applicants who are flagged as risky by data analytics.
The Hindu
4 hours ago
- Business
- The Hindu
GST officers detect ₹15,851 crore fraudulent ‘input tax credit' claims in April-June; 3,558 fake firms uncovered
'Goods and Services Tax (GST) officers have uncovered fake Input Tax Credit (ITC) claims of ₹15,851 crore in the April-June quarter of current fiscal, a 29% jump over the year-ago period, even though the number of fake firms detection was less year-over-year,' officials said. The total number of fake firms detected by Central and State GST officers during the first quarter of FY-26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. A panel of State Finance Ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check ITC fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by Central and State GST officers during the June quarter of FY26, ₹15,851 crore worth ITC was found to have been fraudulently passed involving 3,558 fake firms. During the period, 53 persons have been arrested by GST officers and ₹659 crore recovered. In the Q1 of FY25, GST officers had detected ₹12,304 crore fake ITC involving 3,840 fake firms; ₹549 crore was recovered and 26 persons were arrested. Under the GST regime, ITC refers to the taxes paid by businesses on purchases from suppliers. This tax can be claimed as a credit or deduction at the time of paying the final output tax. Dealing with fake ITC has been a major challenge for the GST administration as unscrupulous elements were creating fake firms just to claim ITC and defraud the exchequer. During 2024-25, GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit worth ₹61,545 crore. GST officers have carried out two pan-India drive against fake registration under the GST. In the first drive against fake registration between May 16, 2023 and July 15, 2023, a total of 21,791 entities having GST registration were discovered to be non-existent. An amount of ₹24,010 crore of suspected tax evasion was detected during the first special drive last year. In the second drive between April 16 and October 30, 2024, GST officers have detected about 18,000 fake companies registered under GST, which have been involved in tax evasion of about ₹25,000 crore. To deal with this, the GST registration process has been made stringent with checks on risky applicants. While non-risky businesses are to be granted GST registration within seven days, physical verification and Aadhaar authentication are mandatory for those those applicants who are flagged as risky by data analytics. As a measure to track down the masterminds, the GST Act provides for punishment for wrongly availed ITC, suspension or cancellation of registration of taxpayers involved in fake ITC cases; blocking of ITC in electronic credit ledger; and provisional attachment of property/bank accounts, etc. for the recovery of government dues.
India.com
4 hours ago
- Health
- India.com
Good news! Now you can get insurance for low price, get Rs 2 lakh cover for only Rs 20 in this govt scheme, name is….
Good news! Now you can get insurance for low price, get Rs 2 lakh cover for only Rs 20 in this govt scheme, name is…. Get Rs 2 lakh insurance for just a cost of two tea cups. Know about Pradhan Mantri Suraksha Bima Yojana here. By Joy Pillai Edited by Joy Pillai Advertisement Good news! Now you can get insurance for low price, get Rs 2 lakh cover for only Rs 20 in this govt scheme, name is.... Pradhan Mantri Suraksha Bima Yojana: Many people have a habit of drinking tea and smoking cigarettes. This habit affects health and, in the long run, causes serious diseases. But what if we tell you that you can buy insurance worth Rs 2 lakh just by skipping two cups of tea or a cigarette? Today, we are telling you about an insurance scheme that provides financial security at a very low premium. No, it is not a fraud scheme, and there are no hidden charges either, because the scheme is run by the Government of India. The name of this scheme is Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let's know more about the scheme. What Is Pradhan Mantri Suraksha Bima Yojana? Pradhan Mantri Suraksha Bima Yojana is basically an accident insurance scheme which offers accidental death and disability cover on account of an accident. The aim of the scheme is to provide financial strength to economically weaker families. The premium under PMSBY is only Rs. 20 per year. Under this scheme, you can also deposit a premium of Rs. 2 every month. Under this scheme, this amount is deducted from your Aadhaar linked bank account every year. Advertisement === Key Features Of PMSBY If the insured person becomes completely disabled in an accident, then he is eligible to get Rs 2 lakh. In case of a partial accident, Rs 1 lakh is given under the scheme. Advertisement === The insurance can be renewed every year. If the policyholder dies, then this money is given to the family. Who Can Avail The Benefit? People between the ages of 18 to 70 can avail themselves of the benefits of the scheme. Notably, this policy ends automatically on completion of the age of 70 years. Only Indian citizens are eligible for the security insurance scheme. The applicant must have an active bank account in any bank, which is linked to Aadhaar. If your bank account is closed then this policy will also end. The policy cover period is between 1st June to 31st May. What Is The Process Of Applying? To apply for this insurance program, apply at your bank. The bank will provide an application form which, once completed and submitted with the required documents, will initiate the process.
New Indian Express
4 hours ago
- Business
- New Indian Express
GST officers detect Rs 15,851 crore fake ITC claims in April-June; 3,558 bogus firms busted, 53 held
NEW DELHI: GST officers have uncovered fake input tax credit (ITC) claims of Rs 15,851 crore in the April-June quarter of current fiscal, a 29 per cent jump over the year-ago period, even though the number of fake firms detection was less Y-o-Y, officials said. The total number of fake firms detected by central and state GST officers during the first quarter of FY26 stood at 3,558, less than 3,840 such entities detected in the same quarter of FY25. Panel of state finance ministers, chaired by Goa Chief Minister Pramod Sawant, is currently studying tax evasion in specific sectors and looking at ways to check input tax credit (ITC) fraud. "On an average, about 1,200 fake firms are getting detected every month. The number of fake firm detection in the April-June period is less compared to last year, which shows that the drive against fake GST registration has worked," an official said. As per the data of the fake firms and ITC frauds detected by central and state GST officers during the June quarter of FY26, Rs 15,851 crore worth ITC was found to have been fraudulently passed involving 3,558 fake firms. During the period, 53 persons have been arrested by GST officers and Rs 659 crore recovered. In the Q1 of FY25 , GST officers had detected Rs 12,304 crore fake ITC involving 3,840 fake firms. Rs 549 crore was recovered and 26 persons were arrested. Under the Goods and Services Tax (GST) regime, ITC refers to the taxes paid by businesses on purchases from suppliers. This tax can be claimed as a credit or deduction at the time of paying the final output tax. Dealing with fake ITC has been a major challenge for the GST administration as unscrupulous elements were creating fake firms just to claim ITC and defraud the exchequer. During 2024-25, GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore. GST officers have carried out two pan-India drive against fake registration under Goods and Services Tax (GST). In the first drive against fake registration between May 16, 2023, and July 15, 2023, a total of 21,791 entities having GST registration were discovered to be non-existent. An amount of Rs 24,010 crore of suspected tax evasion was detected during the first special drive last year. In the second drive between April 16 and October 30, 2024, GST officers have detected about 18,000 fake companies registered under GST, which have been involved in tax evasion of about Rs 25,000 crore, To deal with this, the GST registration process has been made stringent with checks on risky applicants. While non-risky businesses are to be granted GST registration within 7 days, physical verification and Aadhaar authentication are mandatory for those those applicants who are flagged as risky by data analytics. As a measure to track down the masterminds, the GST Act provides for punishment for wrongly availed ITC, suspension or cancellation of registration of taxpayers involved in fake ITC cases; blocking of ITC in electronic credit ledger; and provisional attachment of property/bank accounts, etc. for the recovery of government dues.
