Govt to weed out fake GST registrations used for ITC frauds
The Union Government has launched a special drive by Central and state GST formations to identify and weed out fake GST registrations that are being used for massive ITC (input tax credit) frauds, a top official said on Tuesday.
Revenue Secretary Sanjay Malhotra exhorted the Central and state GST formations to focus on fake registrations during this two-month special drive and stressed on the need to track the masterminds and beneficiaries of fake ITC so that strict action is taken to have the necessary deterrence effect. He stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business.
Addressing a meeting of the second edition of the National Conference of Enforcement Chiefs of the State and the Central GST Formations here, he said that the recent changes implemented in the GST returns such as GSTR-1A would further aid the efforts of tackling GST evasion in a systematic manner.
The conference was attended by senior officers of the Department of Revenue, CBIC, CCTs) and GST state enforcement chiefs and CEO of GSTN. Other enforcement and intelligence authorities like the CBDT, ED, DRI, FIU-IND and CEIB also participated in the deliberations.
