Latest news with #CompanyX
Time of India
22-05-2025
- Business
- Time of India
GST dept cancels Awadh Enterprises registration in shell company scam
Nagpur: As the crime branch of Nagpur police investigates the alleged shell company scam running into hundreds of crores, the Goods and Services Tax ( GST ) department has cancelled the registration of Awadh Enterprises, one of the two companies in whose name fake bills were reportedly issued. Sources say the registration was cancelled ab initio. The initial probe by police also shows that the invoices issued by these companies were used to claim fake input tax credit (ITC) under the GST regime. Now, since the registration has been cancelled ab initio, all the companies that claimed ITC based on invoices by Awadh Enterprises will have to pay taxes instead, said sources. This is because, since the registration was cancelled from the beginning, even the ITC claimed by other companies will stand null and void, explained a source. ITC is a mechanism put in place in any indirect tax system to avoid cascading effect. For example: Company X makes furniture by buying raw wood from Company Y. The tax component paid by Company X at the time of purchasing wood as an input from Company Y for making furniture will be proportionately reduced in the former's GST liability on selling furniture. This is because tax on raw wood, which is the input, is already paid. This is known as ITC, which can be used to adjust final GST liability. However, often fake purchase bills are issued to claim ITC fraudulently. This is done by giving a cut to the entity that issues the bills, explained the source. Now, with Awadh Enterprises' registration gone, the department will be recovering tax from an array of entities who had claimed ITC. The issue was flagged off by the state GST department to its counterparts at the Centre, which has cancelled the registration. Awadh Enterprises comes under the state GST department's Kalmeshwar range. However, the registration details of the other company — Kshitij Enterprises — are not available with the state GST department. The crime branch, which is investigating the case, is yet to send an intimation from its side, said sources. The investigation into the tax fraud and determination of the tax liability can only be done either by the state or central GST department. However, it is learned that neither of the departments has yet received any communication from the police. It is expected in due course because the tax aspect can only be probed by the GST department, while the police can investigate the fraud, said sources.
Daily Mail
10-05-2025
- General
- Daily Mail
It's the most confronting part of prostate cancer recovery men don't talk about. After trying everything, HAYDN REID bravely reveals how he reclaimed what he thought he'd lost
I was in my office, going through paperwork like any normal day, when the text came through. It was short, clinical.
Business Wire
04-05-2025
- Business
- Business Wire
How to Write a Press Release
5 Tips to Increase Open Rates, Coverage, Engagement, and Shares Crafting an effective press release is essential for capturing the attention of reporters and your target audience. By following best practices, you can increase open rates, gain more coverage, enhance reader engagement, and boost social shares of your news. Award-winning coach Ann Wylie offers five key recommendations to help you write press releases that reporters will love and that will effectively promote your news. 1. Write a Concise Headline Your headline is the first impression of your press release, so make it count. Skip the jargon, fluff, and unnecessary adjectives. Instead, focus on strong verbs that clearly convey the impact of your news. A concise and powerful headline makes it easy for readers and reporters to understand what your press release is about. Example: Instead of saying, "Innovative Company Announces Exciting New Product That Will Revolutionize the Industry," opt for "Company X Launches Product Y to Reduce Energy Costs by 30%." 2. Write for Your Audience, Not for Yourself Put the reader at the center of your story. Ensure that your news appeals to those who need it by addressing their interests, concerns, and needs. Avoid using overly promotional language or focusing solely on your company's achievements. Highlight how your news benefits your audience or solves a problem they face. This approach makes your press release more relevant and engaging, increasing the likelihood that readers will pay attention and take action. 3. Increase Readability Make your press release easy to read by breaking up large blocks of text. Use bullet points, italics, bolding, and white space to create a visual flow that guides the reader through your content. Short paragraphs and subheadings can also help maintain reader attention. Enhancing readability reduces the chance that readers will skim over important information or lose interest before reaching the end of your release. Tips to Enhance Readability: Use Bullet Points: Highlight key features or benefits. Incorporate Subheadings: Break the content into manageable sections. Utilize White Space: Avoid cluttered text to make your release visually appealing. Highlight Important Terms: Use bold or italics for emphasis. 4. Summarize It All in the First Paragraph Capture the essence of your news in the first 30 words of your press release. This summary should include the who, what, when, where, why, and how of your story. Providing the most important information upfront ensures that even if readers only glance at the beginning, they grasp the key points. Include links to key landing pages or resources to maximize opportunities for inbound traffic, driving engagement and supporting your SEO efforts. Example of an Effective Opening Paragraph: "On July 15, Company X will unveil Product Y, a groundbreaking solution designed to reduce energy costs by 30% for small businesses nationwide. Learn more at 5. Think Visually Enhance your press release by including images, videos, or infographics. Visual elements significantly increase coverage and attention, making your story more appealing and easier to understand. Create visuals specifically designed for reporters to use, ensuring they are high-quality and relevant to your news. Providing multimedia assets can also save journalists time, increasing the likelihood that they will feature your story. Visual Content Suggestions: High-Resolution Images: Photos of your product, team, or events. Informative Infographics: Visual representations of data or processes. Short Videos: Demonstrations, testimonials, or behind-the-scenes footage. By implementing these five tips, you can craft press releases that effectively communicate your news, engage your audience, and attract media coverage. A well-written press release not only informs but also inspires action, helping to move prospects through your sales funnel. Focus on clarity, relevance, readability, and visual appeal to make your press releases stand out in a crowded media landscape. Top Tips to Remember: By following these guidelines, you enhance the chances of your press release being opened, read, and shared, ultimately increasing the impact of your news.
