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Govt launches drive to weed out fake GST registrations used for ITC frauds

by Blitz India Media
August 21, 2024
in News
0
gst
Blitz Bureau

NEW DELHI: 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.

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.

n his address on the occasion, the Revenue Secretary stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business.

During the one-day conference, various presentations were also made by the GST formations. Action taken report of the actions identified in the first edition of the conference held in March 2024 was reviewed and the formations were advised to continue their efforts in ensuring that the actions are completed. The participants were acquainted with the details of the 2 months’ special drive on fake registrations which was launched on August 16.

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