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 Hindustan Times Dated: November 18, 2020 By: Rajeev Jayaswal The GST council’s law committee will meet to tighten the process for registration. After launching a nationwide drive against fake Good and Services Tax (GST) invoices that saw 25 arrests in just four days, the Centre is considering to amend laws to check fraudulent claims of input tax credit (ITC) through bogus bills, a finance ministry official said. “An urgent meeting of the Law Committee of the GST Council is being convened on Wednesday [November 18] on this matter that will further tighten the GST registration process,” the official said requesting anonymity. The recent crackdown against people indulging in creating fake bills by the Directorate General of GST Intelligence (DGGI) resulted in the arrest of 25 people. The agency has also identified about 1,180 entities and booked 350 cases against unscrupulous elements involved in availing and passing on of ineligible input tax credit (ITC) fraudulently, he said. The ...

 Reuters By  Neha Arora ,  Sudarshan Varadhan NOVEMBER 19, 2020 NEW DELHI/CHENNAI (Reuters) - Adani Green Energy's  ADNA.NS  record $6 billion solar power project announced in June has no guaranteed customer, its deal with India's main solar-adoption agency shows, and may expose the company to higher financial risk. Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, which Adani hailed as the “largest of its type, ever” and a landmark for India. However, previously unreported details of the agreement between Adani Green and Solar Energy Corp of India Ltd (SECI) reveal the agency has no “legal or financial obligation” to support the project if SECI fails to find buyers. This would be the first major SECI project without a state-guaranteed Power Purchase Agreement (PPA), which analysts say has been key to building up India’s renewable energy sector. When SECI floated the tend...