21,791 fake GST registrations, suspected tax evasion of Rs 24,000 Cr detected in special drive
PrintListen to this Article
"A total of 21,791 entities (11,392 entities pertaining to state tax jurisdiction and 10,399 entities pertaining to CBIC jurisdiction) having GST registration were discovered to be non-existent. An amount of Rs 24,010 crore (state – Rs 8,805 crore + Centre – Rs 15,205 crore) of suspected tax evasion was detected during the special drive," Sitharaman said. The minister was replying to a question on the number of entities identified as having fake registrations, and the total amount of evasion detected during the special drive against fake GST registrations conducted by the Central Board of Indirect Taxes and Customs (CBIC) from May 16 to July 15, 2023.
To a query on whether the government has considered the challenges faced by e-commerce enterprises in obtaining GST registrations, especially operating in virtual spaces, Sitharaman said that considering the special nature of e-commerce operators, a simplified procedure for registration of e-commerce operators has already been notified. It provides that when an e-commerce operator applies for registration in a particular state or Union Territory where he/she does not have a physical presence, he/she can apply for registration by giving details of the principal place of business located in another state or Union Territory.
Further, amendments have been made in GST Rules to strengthen the registration process, including biometric-based Aadhaar authentication, for high-risk registrants, along with the verification of the original copy of the documents. A pilot project for this was launched in Gujarat. In July, the pilot project was extended to Puducherry and in November to Andhra Pradesh. A pilot project for this was launched in Gujarat.
Also, details of bank account, name and PAN of the registered person are required to be furnished within 30 days of the grant of registration or before filing of the statement of outward supply, whichever is earlier. Entities who do not furnish the details of valid bank accounts within the time period prescribed will be suspended automatically by the system. However, upon compliance with this provision subsequently, by the registered persons such system-based suspension would be automatically revoked by the system. Entities who do not furnish the details of valid bank accounts within the time period prescribed will be suspended automatically by the system.
Category : GST | Comments : 0 | Hits : 1002
TEST
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2. Key Enhancements Include (PDF with screenshots attached): i. News and Updates Section: We have introduced a dedicated tab for all news and updates. This section now includes a bet...
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition challenging a Delhi High Court verdict, upholding the constitutional validity of anti-profiteering provisions filed by a real estate company. The petition, filed by Swati Realty, says the high court ...
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Disposing a petition by Kochi-based Modern Food Enterprises, a single judge bench of Justice Dinesh Kumar Singh said if key inputs (cereals, flour, starch, etc) and preparations are s...
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed that Gupta had exploited input tax credit (ITC) using 35 fake companies, resulting in a loss of Rs 24 crore to the exchequer over the past two years. He was reportedly part of a syndicate that utiliz...
Comments