DGGI sends show cause notices to many insurance companies over tax evasion concerns
The Directorate General of GST Intelligence (DGGI) has sent show-cause notices to some insurance companies, such as HDFC Bank, Go Digit Insurance, and Policybazaar, for issuing fake invoices to claim input tax credit without providing any service. The show-cause notices claimed that these companies issued fake invoices for many insurance companies without providing any service....