Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake GST registrations. Issued through Instruction No. 02/2024-GST dated August 12, 2024, these new guidelines aim to bolster the government's efforts in curbing fraudulent
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FAQ :
The second All-India Drive aims to tackle fake GST registrations, clean up the tax base, and prevent revenue loss to the government by identifying and taking action against fraudulent tax activities.
The drive is scheduled to run for two months, starting from August 16, 2024, and concluding on October 15, 2024.
The drive is being conducted by all Central and State tax authorities, following common guidelines issued by the CBIC.
GSTN, in coordination with DGARM, will identify suspicious GSTINs using data analytics. Tax authorities can also use their own data analysis and intelligence gathering methods.
Actions include verification, suspension and cancellation of registration, blocking of input tax credit, and recovery of wrongly availed credit. Masterminds and beneficiaries may also be identified for further action.
Yes, State and Central tax zones will upload weekly action-taken reports through nodal officers to enable monitoring by the GST Council Secretariat.
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