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Centre, States to initiate 2 Months Special Drive against Fake GST registration
PrintA Special All-India Drive may be launched by all tax administrations to detect fake GSTINs and to conduct verification to weed out these fake billers from the GST ecosystem and to safeguard govt revenue.
During this campaign, suspicious GST accounts will be identified, and counterfeit invoices will be eliminated from the GST Network (GSTN).
Starting on 16 May, tax department officials from various states will commence this initiative. The objective of this campaign is to curb fraudulent tax evasion within the GST system, and as part of the process, officials will conduct on-site verification of the registered addresses of all businesses and shops in the GST database. In cases where discrepancies are identified, fines of up to Rs 50,000 may be imposed.
It is important to note that this campaign specifically targets traders who engage in improper tax evasion practices and provide inaccurate information during GST registration. Honest traders who fulfil their tax obligations and adhere to proper GST registration requirements need not be alarmed. The Tax Department is also making efforts to ensure that genuine businessmen do not encounter any difficulties as a result of this campaign.
To tackle tax evasion, similar campaigns have been implemented in the past as well. Using the data obtained from GST collection, the Central Government has compiled a list of certain traders whose profits and GST returns raised suspicions. It is worth mentioning that during a similar nationwide campaign conducted in November 2020, a massive fraud amounting to Rs 60,000 crore was unearthed, resulting in the arrest of approximately 700 individuals.
During this campaign, suspicious GST accounts will be identified, and counterfeit invoices will be eliminated from the GST Network (GSTN).
Starting on 16 May, tax department officials from various states will commence this initiative. The objective of this campaign is to curb fraudulent tax evasion within the GST system, and as part of the process, officials will conduct on-site verification of the registered addresses of all businesses and shops in the GST database. In cases where discrepancies are identified, fines of up to Rs 50,000 may be imposed.
It is important to note that this campaign specifically targets traders who engage in improper tax evasion practices and provide inaccurate information during GST registration. Honest traders who fulfil their tax obligations and adhere to proper GST registration requirements need not be alarmed. The Tax Department is also making efforts to ensure that genuine businessmen do not encounter any difficulties as a result of this campaign.
To tackle tax evasion, similar campaigns have been implemented in the past as well. Using the data obtained from GST collection, the Central Government has compiled a list of certain traders whose profits and GST returns raised suspicions. It is worth mentioning that during a similar nationwide campaign conducted in November 2020, a massive fraud amounting to Rs 60,000 crore was unearthed, resulting in the arrest of approximately 700 individuals.
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