Quick Summary
With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month-long special drive to identify fake GST registration and nab offenders. The GST Policy Wing had earlier this month written to Principal Chief Commissioners of Central Tax highlighting that fake/ non-genuine registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without any underlying supply of goods or services or bot
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FAQ :
The special drive aims to identify and remove fake GST registrations that are being used for tax evasion, particularly to fraudulently claim input tax credit.
The drive is scheduled to run for two months, from May 16 to July 15.
In 2022-23, GST evasion detected crossed over Rs 1 lakh crore, with about 14,000 cases identified.
Authorities are using data analytics, Artificial Intelligence, mandatory Aadhaar-based authentication for new registrations, and centralised suspension of registrations for non-filers.
Tax officers will conduct verification and take remedial action to remove fake billers. Businesses are also required to display their GST registration number and certificate, with penalties for non-compliance.
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