10,000 Fraud GST Registrations turn up in first week of drive
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"In the first week of the drive so far we have detected about 10,000 fake GST registrations," a senior official told ET.
In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of business to obtain GST registration.
The amount of fake input tax credit is yet to be ascertained. "It is premature to assess numbers so far but initial estimates suggest it to be above ?25,000 crore," the official said, adding that the final numbers will be available once the drive ends.
The physical verification cases have been selected through data analytics and risk parameters by GST Network (GSTN), which identifies possible fraudulent GSTINs for state and central tax authorities.
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