New Delhi: GST The authorities have been forced to launch a special drive against “fake registrations” as the menace refuses to die down, with scammers adopting new tricks to claim input tax credit.ITC) and defrauding the exchequer.
Officers have been directed to identify, cancel, seek refund of credit and, wherever necessary, attach their property or bank accounts of those using forged documents to file or claim bogus Input Tax Credit. Attach. Also, those who were in the chain for Input Tax Credit will also be asked to refund the same.
A similar exercise was carried out in the past, which not only resulted in many fraudsters being weeded out from the system, but some big companies also faced questions as they had directly or indirectly bought goods or availed services from them. Took advantage of. But the problem persists.
From forged electricity bills and property tax receipts to rent agreements, unscrupulous elements show a bogus principal place of business to obtain GST registration. In a communication to top officials across the country, the Central Board of Indirect Taxes and Customs cited the example of some fraudsters in Gujarat who registered themselves wok And Base Number of persons from economically weaker sections, without their knowledge.
They first modified the phone numbers on Aadhaar by taking the cardholders to Aadhaar Seva Kendra on the pretext of giving them benefits under some government schemes, and then linked them to “dummy mobile numbers”. “This menace of fake registration and issuance of bogus invoices for passing bogus ITC has become a serious problem wherein fraudsters engage in dubious and complex transactions, causing loss of revenue to the government,” from the letter CBIC Said. Starting May 16, a month-long campaign will be launched to trace, verify and weed out “fake billers” from the GST ecosystem with suspicious or fake GST identification numbers.
GST Network, the IT backbone, has been tasked with using detailed data analytics and risk parameters to identify fake numbers. The list will be shared with state and central tax authorities. In addition, they have been asked to use data from the e-way mechanism and CBIC’s Advanced Analytics Indirect Taxation and Business Intelligence and Fraud Analytics, apart from human intelligence and Aadhaar database.
The instructions issued on Wednesday said that thereafter the field officers would conduct a verification drive and if they find that the taxpayer is non-existent or fictitious, the tax officer would immediately initiate action to suspend and cancel the registration of the taxpayer.
Officers have been directed to identify, cancel, seek refund of credit and, wherever necessary, attach their property or bank accounts of those using forged documents to file or claim bogus Input Tax Credit. Attach. Also, those who were in the chain for Input Tax Credit will also be asked to refund the same.
A similar exercise was carried out in the past, which not only resulted in many fraudsters being weeded out from the system, but some big companies also faced questions as they had directly or indirectly bought goods or availed services from them. Took advantage of. But the problem persists.
From forged electricity bills and property tax receipts to rent agreements, unscrupulous elements show a bogus principal place of business to obtain GST registration. In a communication to top officials across the country, the Central Board of Indirect Taxes and Customs cited the example of some fraudsters in Gujarat who registered themselves wok And Base Number of persons from economically weaker sections, without their knowledge.
They first modified the phone numbers on Aadhaar by taking the cardholders to Aadhaar Seva Kendra on the pretext of giving them benefits under some government schemes, and then linked them to “dummy mobile numbers”. “This menace of fake registration and issuance of bogus invoices for passing bogus ITC has become a serious problem wherein fraudsters engage in dubious and complex transactions, causing loss of revenue to the government,” from the letter CBIC Said. Starting May 16, a month-long campaign will be launched to trace, verify and weed out “fake billers” from the GST ecosystem with suspicious or fake GST identification numbers.
GST Network, the IT backbone, has been tasked with using detailed data analytics and risk parameters to identify fake numbers. The list will be shared with state and central tax authorities. In addition, they have been asked to use data from the e-way mechanism and CBIC’s Advanced Analytics Indirect Taxation and Business Intelligence and Fraud Analytics, apart from human intelligence and Aadhaar database.
The instructions issued on Wednesday said that thereafter the field officers would conduct a verification drive and if they find that the taxpayer is non-existent or fictitious, the tax officer would immediately initiate action to suspend and cancel the registration of the taxpayer.