Major action taken in nationwide campaign, 4900 fake GST registrations canceled

Fake GST Registrations: GST officials have identified around 17,000 non-existent GSTINs and canceled 4900 bogus registrations with it. This big step has been taken in the ongoing campaign against fake GST across the country. A senior tax official has given this information. At present, 1.40 crore businesses are registered under Goods and Services Tax (GST) in the country. These numbers are almost double the number of businesses registered in the indirect tax system before GST was implemented.

Many bogus GST registrations were canceled and suspended

Members of the Central Board of Indirect Taxes and Systems shashank priya Told that till July 4, 2023, more than 69,600 GST identification numbers have been selected in the drive against fake registration across the country. Their physical verification will be done through field officers. Along with these, 59,000 such GSTINs have been identified which have been verified and 16,989 such GSTINs which are non-existent or do not exist. Out of 69,600 GSTINs, 11,000 GSTINs have been suspended and 4,972 GST registrations have been cancelled.

Tax evasion of Rs 15,000 crore detected so far

A total tax evasion of Rs 15,000 crore has been detected under this drive. At the same time, 1506 input tax credits have been blocked and tax of Rs 87 crore has been recovered. Giving this information at Assocham’s National Conclave, Shashank Priya said that the aim of the government is to discourage those who get fake GST registrations and punish them under the ambit of the law.

What is the timing and target of the fake GST registration drive?

The government has launched a two-month long campaign against fake GST registrations which started from 15th May 2023 and will end on 15th of this month i.e. 15th July 2023. Fake registration under GST is a big threat to the country as fraudsters wrongly take advantage of ITC by issuing fake invoices and due to this the exchequer loses money.

Shashank Priya also said that the tax department is considering bringing more detailed reporting for monthly tax returns filed through GSTR-3B. With the help of this, the process of better matching of GSTR-3B and GSTR-2B will be done. This is an auto-draft statement which helps in the filing of GST.

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