Quick Summary
Tax authorities have uncovered approximately 10,700 fake GST registrations, involving tax evasion worth ₹10,179 crore, during an ongoing all-India drive against fraudulent companies, a senior official from the Central Board of Indirect Taxes and Customs (CBIC) announced. Shashank Priya, CBIC member, revealed that Aadhaar authentication for GST registrations is already active in 12 states and will expand to four more states by October 4, eventually covering 20 states, including Madhya Pradesh, R
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FAQ :
Approximately 10,700 fake GST registrations have been uncovered.
The tax evasion scam is valued at £10,179 crore.
Aadhaar authentication for GST registrations is being expanded, and future measures may include risk-based restrictions for new taxpayers and limiting the number of invoices they can issue monthly. An Invoice Management System (IMS) will also be rolled out to facilitate better invoice matching.
The second nationwide drive started on August 16 and runs until October 15.
The first drive last year uncovered 21,791 non-existent entities and suspected evasion of £24,010 crore.
Plans are in place to 'lock' GSTR-3B after verifying input tax details to eliminate the need for post-filing amendments, aiming to reduce disputes.
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