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Time of India
3 hours ago
- Time of India
Fake cement firm owner arrested for 10cr ITC fraud
Mumbai: The Maharashtra State Tax Department arrested Santosh Vitthal Londhe (44), a resident of Vikhroli, for allegedly availing and passing on fake Input Tax Credit (ITC) amounting to Rs 10 crore without any actual supply of goods or services. Londhe, the authorised signatory of M/s Santosh Enterprises, registered his business at Shanti Shopping Centre, Mira Road, claiming to trade in cement, steel angles, shapes, and sections of iron and non-alloy steel. However, investigations revealed that the business was non-existent, and no activity was found at the registered premises. According to the Maharashtra GST department, the accused company, from Dec 2024 to May 2025, declared an outward tax liability of Rs 10.03 crore, but no E-way bills were generated in 2024-25. Ahmed Ali You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai


New Indian Express
3 hours ago
- New Indian Express
Stare back at the U.S. bully on secondary tariff
When US President Donald Trump recently gave Russia 50 days to end the Ukraine war, while simultaneously threatening a 100 percent secondary tariff on big nations like India, China and Brazil for importing Moscow's cheaper crude, there was hardly a ripple in the global oil markets. For, bourses have learnt to live with Trump's eccentric pronouncements, perhaps because of his tendency to bark but not bite when push comes to shove. Trump is anyway averse to high crude prices, given its inflationary pressures. Analysts say such secondary tariffs could send crude prices flying from under $70 now to $130 a barrel, as it would suck out Russia's share—10 percent of the global oil output—from the market. Besides, working on a bilateral trade pact with the US, which Trump keeps trumpeting at every available opportunity, makes little sense under the shadow of a possible secondary levy. Yet, here we are, racing to arrive at an India-US pact before the August 1 deadline set by Trump. Amid the trade turmoil came the welcome gesture of the US state department designating Lashkar-e-Taiba's offshoot, The Resistance Front (TRF), as a foreign terrorist organisation and a specially designated global terrorist outfit. The TRF had claimed responsibility for the Pahalgam terror attack, which set off the four-day India-Pakistan clash. Such is the mixed messaging on the intent of the Trump administration on a deal with India.


Time of India
4 hours ago
- Time of India
Min to officials: Complete e-KYC of ration card beneficiaries in a month
Mysuru: Food and civil supplies minister KH Muniyappa on Friday directed the department officials to complete e-KYC of all ration card beneficiaries within a month. He spoke after reviewing the progress meeting with Mysuru divisional level officers of the food, civil supplies, legal metrology, and consumer affairs department held at the office of the deputy commissioner in the city. He issued directions to officers to give another month for the completion of e-KYC to the beneficiaries of ration card holders. Officials may stop the supply of foodgrains to beneficiaries who do not complete the e-KYC process even after one month of the deadline. He asked the officials to constitute vigilance committees at the district level to ensure the proper distribution of foodgrains to beneficiaries. The minister also gave directions to ensure all safe measures for the foodgrains stored in warehouses after buying from farmers under the minimum support price scheme. Speaking on the occasion, secretary for food and civil supplies Manojkumar Jain said that the department initiated measures to give additional charges to food inspectors until vacant posts are filled by the govt in various taluks. Revenue inspectors may also be given additional charge as food inspectors. He also asked the officials to supply ration every month to beneficiaries in hilly areas, even for 15 cards, at their doorstep in Chamarajanagar district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Food commissioner Vasireddy Vijaya Jyotsna said they asked the officials to give relaxation for e-KYC for single beneficiaries of ration card holders. Legal metrology controller MSN Babu and food commissioner MK Jagadeesh were present.