Taxpayersâ Registration to Be Suspended For Anomalies in GST Sales Return
This move is aimed at curbing tax evasion and safeguarding revenue.
Representative image. Photo: Reuters
Economy15/Feb/2021
New Delhi: GST officers will immediately suspend registration of taxpayers whose sales return or GSTR-1 forms show “significant differences or anomalies” from the return filed by their suppliers, a move aimed at curbing tax evasion and safeguarding revenue.
The Central Board of Indirect Taxes and Customs has issued a Standard Operating Procedure (SOP) for suspension of registration of a person on observance of such discrepancies/anomalies which indicate violation of the GST Act.
Kerala registers 8% growth in GST revenue in December 2020
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Following economic recovery, drive against evaders
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Following economic recovery, drive against evaders
Kerala posted an 8% growth in Goods and Services Tax (GST) revenue in December 2020 compared to the corresponding period in 2019.
The GST revenue that was ₹1,651 crore in Kerala in December 2019 has gone up to ₹1,776 crore in December 2020. Among the southern States, Andhra Pradesh recorded the highest growth of 14% with the GST revenue going up from ₹2,265 crore in December 2019 to ₹2,581 crore in December last. The GST collected from States, taken into account for comparison, does not include the GST on import of goods, according to the Finance Ministry.