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Firm owner, accountant held for sales tax fraud

Last Updated: Thursday, July 7, 2011, 15:50

A firm owner and his accountant have been booked by Thane Nagar police here for fabricating records and failure to pay Sales Tax to the tune of Rs 11 crores, police said on Thursday.

Centre, states agree on joint mechanism on CST compensation

Last Updated: Monday, October 19, 2009, 20:07

The Centre and states on Monday agreed for a joint mechanism to offset losses arising out of Central Sales Tax cut affected in 2007-08, a matter that has not yet been resolved due to differences on the amount of compensation.