Twitter | Search | |
Ministry of Finance
Official Account of the Ministry of Finance, Government of India.
17,706
Tweets
178
Following
1,255,059
Followers
Tweets
Ministry of Finance retweeted
Ministry of Finance 11h
Replying to @FinMinIndia
It was gathered that Group charged huge premium on life saving drugs which were exclusively sourced through it in the Valley & extra normal profits earned by this modus operandi were used for investment in real estate in Srinagar & for unaccounted expenditure by promoter’s family
Reply Retweet Like
Ministry of Finance 11h
Replying to @FinMinIndia
The Income Tax Department conducted search and seizure operations ,at 5 locations today in Kashmir valley. Searches were carried-out against a Group in Kashmir valley which is a monopolistic wholesale distributor of pharmaceuticals in valley.
Reply Retweet Like
Ministry of Finance 11h
Replying to @FinMinIndia
Search action has yielded incriminating documents & digital evidence that suggest huge concealment of income by promoter & his family members.Apparently,Rs.3.08 crore of on-money in transactions of 2 pieces of land in Srinagar has been earned by the Group,not disclosed in income.
Reply Retweet Like
Ministry of Finance 11h
Replying to @FinMinIndia
The digital evidence in the form of hard disc that has been seized, indicates that a part of the sales proceeds, approximating nearly 10% of the turnover are kept outside the books of accounts to suppress profits.
Reply Retweet Like
Ministry of Finance 11h
Replying to @FinMinIndia
It was gathered that Group charged huge premium on life saving drugs which were exclusively sourced through it in the Valley & extra normal profits earned by this modus operandi were used for investment in real estate in Srinagar & for unaccounted expenditure by promoter’s family
Reply Retweet Like
Ministry of Finance 11h
Replying to @FinMinIndia
The proceeds in bank account are apparently used to channel unaccounted income earned in the pharmaceutical business. Three bank lockers of the group have also been found in the search and their operation is likely to yield more incriminating evidence against the Group.
Reply Retweet Like
Ministry of Finance 11h
The searched Group had deposited cash of Rs. 47.20 lakh in the old demonetised currency during the demonetisation period. The source of this cash remains unexplained.
Reply Retweet Like
Ministry of Finance Apr 23
IEPF Authority in a major success recovers Rs. 1514 Crore of Depositors’ Money: Just a beginning/A step towards Investor Protection; For full details, please log on to:
Reply Retweet Like
Ministry of Finance Apr 20
Due date for furnishing of GST Return in FORM GSTR-3B for the month of March, 2019 has been extended from 20.04.2019 to 23.04.2019.
Reply Retweet Like
Ministry of Finance retweeted
India in USA Apr 18
Secretary of met Ambassador on 16 April 2019 and expressed great confidence in the potentials offered by the fast growing Indian economy.
Reply Retweet Like
Ministry of Finance Apr 18
Central Board of Indirect Taxes and Customs (CBIC) notifies Rate of Exchange of Foreign Currencies; For full details, please log on to:
Reply Retweet Like
Ministry of Finance Apr 18
CBDT invites stakeholders comments/suggestions in next 30 days on Report pertaining to Profit Attribution to Permanent Establishment(PE) in India; For full details, please log on to:
Reply Retweet Like
Ministry of Finance retweeted
PIB India Apr 16
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified ➡️
Reply Retweet Like
Ministry of Finance retweeted
CBIC Apr 15
Revenue Laboratory under CRCL at Vadodara has been granted NABL accreditation in accordance with ISO/ IEC 17025:2017 for testing of Coal and Fertiliser (Urea and DAP) with effect from 12.04.2019. This is the first of 12 Revenue Laboratories to be accredited.
Reply Retweet Like
Ministry of Finance retweeted
CBIC Apr 14
Efficient Targeting leads to efficient facilitation !!! A delegation led by Chairman, CBIC Mr. P K Das visited the US CBP, National Targeting Centre and held discussions on possible avenues for working closely in the future.
Reply Retweet Like
Ministry of Finance retweeted
CBIC Apr 13
Strengthening global Customs partnerships ! Chairman CBIC met with senior officials of US Customs & Border Protection. Various issues related to co-operation and enhancing Organisational efficiencies were discussed.
Reply Retweet Like
Ministry of Finance Apr 15
The Union Cabinet, chaired by the Prime Minister, Shri approved today the creation of one post of Deputy Comptroller and Auditor General in the office of the Comptroller and Auditor General of India; For complete details, please log on to:
Reply Retweet Like
Ministry of Finance retweeted
CBIC Apr 13
Customs and its role in securing Global Value Chains ! Chairman CBIC Mr. P K Das attended the launch of the IMF Global Value Chains Development Report 2019 at IMF Hqrs. in Washington D.C. He also interacted with officials from WB, IMF, IDE-JETRO and OECD working on the subject.
Reply Retweet Like
Ministry of Finance retweeted
U.S.-India Business Council Apr 12
More from our conversation w/ and - (1) development a key priority for GOI, with opps in 2nd & 3rd tier cities. Looking ahead, watch for liquidity in bond markets as a driver of future growth
Reply Retweet Like
Ministry of Finance retweeted
India in USA Apr 12
Ambassador met Revenue Secretary, Dr. Ajay Bhushan Pandey
Reply Retweet Like