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EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

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.