Watchdog sniffs 2 lakh cr GST evasion in FY24
17 Sep
Business News

Watchdog sniffs 2 lakh cr GST evasion in FY24

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Business new tamfitronics NEW DELHI: Investigation arm Directorate General of GST Intelligence (DGGI) detected 6,084 cases involving over Rs 2 lakh crore of GST evasion in 2023-24 fiscalwith online gaming and BFSI in services and iron, copper, scrap and alloys in goods emerging as the sectors most prone to evasion.The amount is double of over Rs 1 lakh crore detected in 2022-23 in 4,872 cases.Out of these, voluntary taxes of Rs 26,605 crore was paid in 2023-24, up from Rs 20,713 crore in 2022-23.As per the annual report of DGGI, about 46% of the evasion cases related to non-payment of tax (through clandestine supply and undervaluation), 20% related to fake Input Tax Credit (ITC), and 19% to wrong availment/non-reversal of ITC.
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NASA watchdog finds quality control problems with Boeing SLS work
13 Aug
Science & Technology

NASA watchdog finds quality control problems with Boeing SLS work

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NASA Space Technology WASHINGTON — NASA’s internal watchdog sharply criticized the work Boeing is doing on the next version of the Space Launch System, finding serious lapses in quality control.In a report released Aug. 8, NASA’s Office of Inspector General (OIG) said there were significant issues with Boeing’s work on the Block 1B version of SLS being done at the Michoud Assembly Facility in New Orleans, which it attributed to a lack of an acceptable quality management system and trained workforce.NASA used the Defense Contract Management Agency (DCMA) to monitor Boeing’s work on the SLS core and upper stages at Michoud. “According to DCMA officials, Boeing’s process for addressing contractual noncompliance has been ineffective, and the company has generally been nonresponsive in taking corrective actions when the same quality control issues reoccur,” the OIG report...
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