Quick Summary
Tax authorities in India are taking significant steps to tighten compliance for the Goods and Services Tax (GST) and crack down on tax evasion. They have identified nearly 15,000 entities involved in fraudulent activities related to GST and detected evasion of over Rs 38,000 crore over the years. Some of the key findings and actions taken are as follows 1. Fraudulent GST Registration The central GST administration detected 5,070 cases of fraudulent GST registration between July 1, 2017,
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FAQ :
Nearly 15,000 entities have been identified for GST evasion.
The total detected GST evasion amounts to over Rs 38,000 crore.
Measures include biometric-based Aadhaar authentication for new applicants and geocoding of business addresses to verify authenticity.
Yes, 331 arrests were made in cases of fraudulent GST registration, and seven arrests were made in cases involving bogus entities.
Registrants are now required to furnish their bank account details within 30 days of registration or before filing GSTR-1.
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