GST Council's recommended measures to curb fake dealers/invoice rackets notified
The major recommendation of the Law Committee of GST Council is for controlling the fresh or new registration taken by the applicants without business purpose and for weeding out the existing fake dealers from the systems.
December 23, 2020 / 10:40 PM IST
GST: Goods and Services Tax (GST), the biggest fiscal reform India has seen since Independence, was formally launched by President Pranab Mukherjee and Prime Minister Narendra Modi on July 1, 2017.
Now GST registrations will have in-person verification before registration is granted to any applicant.
The Centre on Tuesday evening notified the recommendations of the Law Committee of the GST Council in order to control the menace of GST fake invoice frauds. Already the government has launched a major nation-wide crackdown in the fake invoice case that so far has resulted in the arrest of 164 fraudsters, including 5 chartered accountants and a woman, in over a month, besides filing of 1,768 cases against 5,745 GSTIN entities.