Quick Summary
GST Officers Uncover 21,791 Fake Registrations and Rs 24,010 Crore Evasion; Finance Minister Addresses Concerns Finance Minister Nirmala Sitharaman revealed on Tuesday that a focused drive by GST officers has exposed 21,791 fake GST registrations, uncovering a suspected tax evasion amounting to over Rs 24,010 crore during a two-month special initiative. In a written response in Rajya Sabha, the minister emphasized the governments commitment to protecting honest taxpayers and outlined instruct
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
GST officers uncovered 21,791 fake GST registrations during a special initiative.
The suspected tax evasion amounts to over Rs 24,010 crore.
Rs 8,805 crore of the suspected evasion is attributed to states, and Rs 15,205 crore to the Centre.
A simplified procedure allows e-commerce operators to register in a state where they lack a physical presence by providing details of their principal place of business elsewhere.
Biometric-based Aadhaar authentication has been incorporated for high-risk registrants to enhance the registration process.
Failure to furnish details of valid bank accounts within 30 days of registration or before filing the outward supply statement will result in automatic suspension of the registration.
CAclubindia
