Government’s quick action, 1.63 lakh GST registration canceled in two months

Tax authorities canceled GST registration of over 1.63 lakh entrepreneurs (GST registration) in October and November for not filing returns. Sources have given this information. Sources said that between 21 August and 16 November 2020, 720 were granted registration on a deemed (practically valid) basis. This was done because Aadhaar wasn’t confirmed. Discrepancies are identified in 55 cases. In their case, the method of cancellation has been started.

Sources said that GST field officers canceled 1,63,042 registrations during October and November to affect fake companies, people that try to form overnight profits, and faux businessmen who swindle businesses. These people had not filed GSTR-3B returns for quite six months. Also, on December 1, 2020, 28,635 taxpayers who haven’t filed their GSTR-3B returns for quite six months are identified and during this case, all the GST commissioner offices themselves can initiate the method of cancellation. Has been called.

Highlights

• GST registration of over 1.63 lakh entrepreneurs canceled in October-November
• These people had not filed GSTR-3B returns for quite six months.
• Identification of 28,635 taxpayers who haven’t filed GSTR-3B returns for quite six months

The campaign against fake bills
However, within a month, the Directorate General of GST Intelligence (DGGI) and therefore the Central GST Commissionerate have arrested 132 people thus far within a month-long campaign against fraudulent fraudulent fraud against fake bills. These include four Chartered Accountants (CA) and one woman.

These people obtained illegal input decrease (ITC) through fraud or passed bills. Aside from this, 1,430 cases are registered against 4,586 fake GSTIN units across the country. Sources said that an accountant (CA) has been arrested from Visakhapatnam. He’s accused of grabbing Rs 20.97 crore of ITC by creating 14 fake companies.