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Gujarats GST department has observed a substantial 43% decline in the monthly average of GSTIN (Goods and Services Tax Identification Number) applications since November 2023. This significant downturn is not indicative of a slowdown in business activity, but rather a strategic intervention by the s
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FAQ :
The number of GSTIN applications in Gujarat has decreased by 43% due to the implementation of biometric verification as an additional step in the online registration process, aimed at preventing fraudulent applications.
The decline in GSTIN applications began in November 2023.
The biometric verification is intended to screen out fraudulent applications and confirm the authenticity of applicants, thereby preventing fake billing and tax evasion.
Gujarat has suffered losses amounting to Rs 11,443 crore due to false billing schemes aimed at tax evasion.
Yes, pilot projects similar to Gujarat's biometric verification are also underway in Andhra Pradesh and Puducherry.
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