VATupdate

Share this post on

Special All-India Drive Against Fake GST Registration- Menace and Safeguards

It has been noticed that fraudsters have been obtaining fake GST registration (GSTINs) on the basis of PAN and Aadhaar number of persons from economically weaker sections without their knowledge. In some cases, forged documents, such as forged electricity bills, property tax receipts, rent agreements, etc. are being used as proof of principal place of business to obtain fake GST registration. This is being done with an intent to defraud the revenue by passing fraudulent input tax credit without underlying supply of goods or services, which has resulted in huge revenue loss to the government exchequer.

Source a2ztaxcorp

Sponsors:

VAT news

Advertisements: