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Years have passed since the implementation of the new indirect tax system GST, but still continuous changes are being made in it. In fact, tax evaders keep coming up with new tricks and due to this the tax authorities have to keep upgrading continuously. After many cases of Fake GST Registration and Fake Input Tax Credit (Fake ITC) came to the fore in the past, now there is a preparation to curb them. For this, the tax officials are running a special campaign.
Campaign will run for two months
A special two-month campaign has been launched by the tax authorities of the Center and States to detect bogus GST registrations and identify fraudsters who are taking undue advantage of claiming bogus Input Tax Credit. Such people claim ITC on the basis of fake receipts after making fake registration on GST platform and without any kind of supply of service or product, they deposit the amount of profit in their account.
Tax evasion is happening so much
In the financial year 2022-23, there is an estimate of GST evasion of more than one lakh crore rupees. During this, the Directorate General of GST Intelligence (DGGI) also made tax recovery of Rs 21,000 crore. In view of this, the tax authorities have started the exercise to crack down on fake registration.
Applying lime in these ways
The GST Policy Cell of the Central Board of Indirect Taxes and Customs (CBIC), in a letter written to the Chief Commissioners of Central Taxes recently, had said that fake GST registration and issue of fake receipts were adopted to take advantage of fake ITC. going. CBIC had said, in this way unscrupulous people cause huge loss of revenue to the government through dubious and complex transactions.
Theft will be caught in this way
All the tax departments of the Center and the States have started a special campaign from 16th May to 15th July. During this, along with identifying suspicious GST accounts, necessary steps will be taken to weed out fake bills from the GST network. Out of these, detailed data analysis and risk parameters on GSTN will be used to identify bogus registrations.
Now so many taxpayers of GST
Steps will be taken to verify the suspected GST Identification Number after receiving the information of fake registration within a stipulated period. If the concerned taxpayer is found to be bogus during the Aadhaar based verification process, immediate steps will be taken to cancel that registration. At present, there are about 1.39 crore taxpayers registered under the GST system across the country. The GST regime was implemented in July 2017 as a uniform indirect tax.
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