All posts tagged: ITC

Rs 1,550 cr fake ITC racket busted; woman arrested by Directorate General of GST Intelligence

Rs 1,550 cr fake ITC racket busted; woman arrested by Directorate General of GST Intelligence

Published by Parlour News

3 min readSuratApr 12, 2026 10:27 PM IST The Directorate General of GST intelligence (DGGI), Surat, on Sunday arrested a Rajkot resident for her alleged involvement in a fake Input Tax Credit racket worth around Rs 1,550 crore spanning across seven states, taking the number of arrests in the case from Gujarat to two. The accused, identified as Priyanka Lalit Sadaria (36), a resident of Rajkot, was arrested for the offences punishable under Section 132(1)(i) of the Central Goods and Services Tax Act, 2017 (tax evasion). She was produced before the Surat district court, which sent her to judicial custody till April 24.On January 15, the DGGI had arrested Bipin Bhanderi, a chartered accountant from Jamnagar, a key conspirator in the racket, officials said. Acting on a tip-off, the DGGI Surat unit had busted the racket involving fraudulent availment of Input Tax Credit (ITC) amounting to approximately Rs 1,550 crore. The case pertains to multiple GSTINs (GST identification numbers) registered in Arunachal Pradesh which were found to be engaged in illicit activities, including suo motu …

ED Conducts Raids In Multiple States In Rs 650 Crore ‘Fake’ GST ITC Case | India News

ED Conducts Raids In Multiple States In Rs 650 Crore ‘Fake’ GST ITC Case | India News

Published by Webster

Last Updated:January 20, 2026, 14:10 IST ED raids multiple states over a Rs 658 crore fake GST input tax credit case, involving Siddhi Vinayak Trade Merchants and 58 shell entities. The ED Itanagar office in Arunachal Pradesh is conducting the operation in coordination with various state police forces. (Representative image) The Enforcement Directorate on Tuesday conducted multi-state searches in connection with an alleged fake GST input tax credit case of Rs 658 crore that originated in Arunachal Pradesh, officials said. Multiple premises of individuals and companies linked to the case located in Jharkhand, West Bengal and Manipur are being searched as part of an investigation being undertaken as per the provisions of the Prevention of Money Laundering Act (PMLA), they said. Input Tax Credit (ITC) is a legal mechanism in the Goods and Services Tax (GST) system that allows business entities to reduce their tax liability by claiming credits on GST paid for business-related purchases. The ED Itanagar office in Arunachal Pradesh is conducting the operation in coordination with various state police forces. The money …

UPSC Daily Current Affairs Quiz: Zohran Mamdani, Umar Khalid, Bangladesh, Swiss Ski Resort, ITC share price, Excise Duty

UPSC Daily Current Affairs Quiz: Zohran Mamdani, Umar Khalid, Bangladesh, Swiss Ski Resort, ITC share price, Excise Duty

Published by Parlour News

Daily Quiz 1. The government on Wednesday froze which telecom company’s adjusted gross revenue (AGR) dues at ₹87,695 crore as of December 31, 2025, and allowed the telecom operator to repay the amount over 10 years from fiscal 2032 to fiscal 2041? A. Vodafone Idea B. Reliance Jio C. Bharti Airtel D. Tata Telecommunications 2. Among the six global temperature datasets that the World Meteorological Organization tracks, which is the only one with daily updates? A. UK Met Office’s Hadley Centre and the University of East Anglia’s Climatic Research Unit B. Copernicus Climate Change Service’s ERA5 C. Japan Meteorological Agency D. NASA’s Goddard Institute for Space Studies 3. On New Year’s Day, which country became the 21st country to join the euro currency union, furthering its integration into the European Union? A. Romania B. Bulgaria C. Croatia D. Hungary 4. For the first time, a curated animal contingent of the Remount & Veterinary Corps of the Indian Army will be showcased at the Republic Day 2026 parade, highlighting the role played by animals in safeguarding …

ITC Maurya Sheraton, Rambagh Palace: Inside hotels hosting JD Vance in Delhi, Jaipur | Latest News India

ITC Maurya Sheraton, Rambagh Palace: Inside hotels hosting JD Vance in Delhi, Jaipur | Latest News India

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US Vice President JD Vance arrived in India on Monday for a four-day visit, set against the backdrop of ongoing discussions between the two nations on a bilateral trade agreement. The talks aim to address key issues such as tariffs and market access. US Vice President JD Vance and his wife Usha Vance disembark an aircraft on upon their arrival at the airport in New Delhi on April 21, 2025. Vance begins a four-day visit to India on April 21 as New Delhi looks to seal an early trade deal and stave off punishing US tariffs. (AFP) JD Vance is joined by his Indian-origin wife, Usha Chilukuri, their three children — Ewan, Vivek, and Mirabel — as well as a delegation of senior US officials. Union minister Ashwini Vaishnaw received the US Vice President and Second Lady at Delhi’s Palam Air Base. Later in the evening, Prime Minister Narendra Modi will host a dinner for the visiting dignitaries following comprehensive talks. The Indian delegation, led by Modi, will include external affairs minister S Jaishankar, National …

Bengaluru’s iconic MTR foods likely to be acquired by the ITC Ltd: Report | Bengaluru

Bengaluru’s iconic MTR foods likely to be acquired by the ITC Ltd: Report | Bengaluru

Published by Parlour News

Bengaluru’s iconic MTR Foods is reportedly in advanced discussions to be acquired by ITC Ltd, according to a report by The Mint. This move is seen as ITC’s strategic effort to strengthen its presence in the South Indian food market by bringing a well-established brand under its umbrella. MTR foods in Bengaluru is likely to be acquired by the ITC Ltd Also Read – Bengaluru doctor alerts police after woman requests prescription to kill mother-in-law: Report In addition to MTR Foods, ITC is also eyeing the acquisition of Eastern Foods, a leading spice manufacturer. Both MTR and Eastern Foods have a strong foothold in South Indian states such as Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala. If the deal materializes, it would be a significant milestone for ITC in expanding its reach nationwide. Why MTR in Bengaluru is iconic MTR, which was founded in 1924 by Yagnanarayana Maiya, has been a hallmark of authentic South Indian cuisine for a century. The flagship eatery on Lalbagh Road has earned legendary status, attracting customers eager to indulge …

What ITC Chairman Sanjiv Puri Said About L&T Chief’s 90-Hour Workweek Call

What ITC Chairman Sanjiv Puri Said About L&T Chief’s 90-Hour Workweek Call

Published by Webster

New Delhi: Weighing in on the 90-hour workweek controversy, ITC Ltd Chairman Sanjiv Puri said that it is more important for the workers to be aligned to the grander vision of the company rather than the number of hours put in. Giving an analogy of many workers building a castle, he said, “If you ask a mason what he is doing, he might say he is laying a brick, another might say he is building a wall but some might say he is building a castle. It is that vision that workers should have,” he told PTI in an interview. Asked if he is saying that mean if he would rather not put a number to the work hours at ITC, he said, “We would not do that.” “We would rather like people to be part of the journey (of the company) and feel passionately involved and kind of feel the urge amongst themselves to make a difference to the enterprise. That’s how we look at it”. The cigarettes-to-consumer goods conglomerate allows a flexible work …

A 45-year-old gastronomic legacy – Hindustan Times

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Chelsea Clinton with the team at Bukhara, ITC Maurya While everyone believes in the magic of change, Bukhara, the iconic restaurant in the heart of the Capital, is a beacon of uniformity. The restaurant, by ITC Maurya, has preserved their widely loved and acclaimed recipes, made using ingredients of the same quality, for over four decades. As this internationally recognised restaurant celebrates 45 years, we speak to chef culinaire, JP Singh, on its rich tradition. “Bukhara is all about carrying the legacy of having the same menu since its origin in 1978. We never felt the need to change our north-west frontier menu and that’s what made us iconic,” he says, adding, “Consistency is our USP, and this is the reason we are visited by heads of states, presidents and PMs. It’s challenging to retain the same quality and maintain a reputation worldwide than changing the menu every six months. We want to use the same cooking techniques.” Hindustan Times – your fastest source for breaking news! Read now. Anil Chadha, chief executive, ITC Hotels …

Apple Watch With ECG Violates AliveCor Patents, Import Ban on Hold, Says US ITC

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Apple Watches with an electrocardiogram (ECG) function infringe patents belonging to medical device maker AliveCor, the US International Trade Commission affirmed on Thursday. The ITC said imports of the infringing watches should be banned, but that it would not enforce a ban until appeals were finished in a separate dispute before the US Patent and Trademark Office (USPTO), where a panel found AliveCor’s patents invalid earlier this month. The Biden Administration will have a 60-day period to decide whether to veto the import ban based on policy concerns. The commission set a bond of $2 (roughly Rs. 170) for each infringing Apple device imported during the presidential review period, which it also suspended while appeals of the USPTO decision are pending. Presidents have rarely vetoed import bans in the past. Parties can appeal a ban to the US Court of Appeals for the Federal Circuit after the review period ends. Apple said in a statement that it “firmly” disagreed with the ITC decision but was pleased that the import ban was paused. AliveCor CEO Priya Abani …

A Goan Lunch by Chef Sarita Carvalho at Tempero in ITC Grand Goa

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Isn’t this Goan lunch at Tempero, ITC Grand Goa, tempting?   I read about Chef Sarita and her Goan food earlier and always wanted to try her food. So, when we were offered to taste the Goan delicacies by the well-known Chef of the erstwhile Casa Sarita fame, we were indeed very excited. Chef Sarita Carvalho is the head chef of Tempero, where simple Goan ingredients unfold into a tale. Here, Goan Catholic food and Goan Saraswat food are served at their best versions, with no frills attached. The food by Chef Sarita has such a homely touch to it… something that sets her food apart from myriad Goan dishes found in popular restaurants and shacks across Goa. This Goan meal is different. It truly is!   Chef Sarita Carvalho at Tempero, ITC Grand Goa.   We walk into Tempero in ITC Grand Goa after a relaxing morning spent at the nearby Arossim Beach. Tempero is a spacious restaurant with a relaxed Portuguese vibe. We look around to see the glass partitions that are added …

Seafood Month at Shanghai Club, ITC Grand Central, Mumbai

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Ambient Shanghai Club, ITC Grand Central, Parel Shanghai Club in Parel is one of our favourite Chinese restaurants in Mumbai. That’s because Shanghai Club in ITC Grand Central, Mumbai, continues to mesmerize me with good food that has been consistent throughout in terms of quality and quantity. Shanghai Club is celebrating Seafood Month, with amazing seafood delicacies customized as per your taste.   When it comes to seafood, freshness matters! Locally sourced fresh catch makes the menu even more appealing. Every evening at Shanghai Club, Chef Swanand Thipsay cooks up a storm with seafood such as crab, red snapper, prawn, octopus, pomfret and lobster. Each dish has its own charm. Each seafood preparation is mouthwatering and distinct from the next one. In this month-long seafood festival that started on 14th Jan 2021 and will culminate on 14th Feb 2021, great flavours, fresh seafood and #WeAssure safety protocols are affirmed. You can dine-in safely, relishing the best of seafood cooked in a variety of authentic Chinese preparations, under the expert supervision of Chef Swanand.   While …