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Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources

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Rising Invoice Fraud Top Agenda On GST Council Meet On Wednesday: Sources

New Delhi: The law committee of the products and ventures charge (GST) committee will meet on Wednesday in Delhi to talk about receipt cheats, fixing of enlistment measure and think about revisions in the GST law, Finance Ministry sources have said.

The Directorate General of GST Intelligence captured 25 individuals and singled out 1,180 substances for receipt misrepresentation over the most recent four days, and the gathering will talk about comparable cases to check how they can be limited, said the sources who asked not to be named.

The phony solicitations were utilized not exclusively to game the arrangement of info tax reduction (ITC) yet in addition to avoid charges, cheat banks and launder cash utilizing hawala course, where cash trades submits various areas without entering the proper financial channels, the sources said.

“This has intense effect on the economy over the long haul. These exercises have been generally completed by non-existent or temporary firms and by utilizing an organization of firms game the framework to usurp ITC on commission premise,” a Finance Ministry source said.

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The GST board’s law council will perceive what move they can make under the GST law to stop the misrepresentation.

The Finance Ministry is attempting to connect holes the GST enlistment cycle to guarantee just authentic organizations are permitted and the individuals who plan to swindle the framework are sifted through, the sources said.

Organizations whose proprietors or advertisers don’t have appropriate budgetary records like annual government forms may need to experience actual confirmation by charge officials before their organizations can be considered for GST enrollment.

The principles on dropping enrollment could be created productive and quicker with the goal that fraudsters can be halted prior to passing on counterfeit credit down the chain, a source said.

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The public authority a week ago said GST assortments were at Rs 1.05 lakh crore in October, up 10% on a year-on-year premise.

Tap To Explore More : NDTV

Also Read : LAW AGAINST ‘LOVE JIHAD’ SOON, 5 YEARS’ JAIL, SAYS MADHYA PRADESH MINISTER

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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