Parul
The 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 the 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.
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.
Malhotra stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business.
During the one-day conference, the participants were acquainted with the details of the 2 months’ special drive on fake registrations which was launched on August 16.
This drive will be undertaken in a coordinated manner between the Central and state formations. Based on certain identified risk parameters, close to 59,000 potential fake firms have been identified for verification and further enquiry.
