GST Registration: Many types of news about GST keep coming out across the country. Sometimes fake GST is also seen. In view of this, the Central Government has taken a big step. Tax officials will launch a special drive for two months to detect bogus GST registrations and identify fraudsters taking undue advantage by claiming bogus Input Tax Credit (ITC).
Fake ITC claim
Fraudsters claim ITC on the basis of fake receipts after making fake registrations on the Goods and Services Tax (GST) platform and credit the amount to their accounts without any supply of services or products. ,
The GST Policy Cell of the Central Board of Indirect Taxes and Customs (CBIC) said that the problem of wrongly availing input tax credit through fake registration and issue of fake receipts has become serious. In this, unscrupulous people cause huge loss of revenue to the government through dubious and complex transactions.
CBIC gave this information
In a notification, the CBIC said that all tax departments of the Center and states will conduct a special drive in this regard from May 16 to July 15. During this, necessary steps will be taken to identify suspicious GST accounts as well as to identify fake accounts. Bill from GST Network (GSTN). At present, there are 1.39 crore taxpayers registered under the GST system across the country. Of these, detailed data analysis and risk parameters on GSTN will be used to identify bogus registrations.
Verification of GST Number
Steps will be taken to verify the suspected GST Identification Number once the bogus registration is reported. If during verification the concerned taxpayer is found to be bogus then immediate steps will be taken to cancel that registration. The growing problem of creating fake GST accounts in the names of other people was noticed in the national coordination meeting of the GST officers of the Center and the States held on 24 April.
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