The Central Board of Indirect Taxes and Customs (CBIC) has found 25 per cent of 69,000 suspicious GST accounts to be fake accounts. According to him, these accounts either do not exist or have been deleted. However, before that he had paid Rs. There was a profit of 15,000 crores. As many as 69,000 suspicious accounts were detected during a two-month special drive aimed at weeding out fake accounts registered in the GST network. Out of which 17 thousand accounts were found fake. Tax officials identified these accounts with the help of artificial intelligence and data analytics. The campaign will end on July 15. According to sources, investigation is going on regarding the names of comp.es including some big businesses in the fake account. Like, they said that a leading food delivery service provider is believed to have procured manpower services from shell comp.es. At present there are 1.38 crore registered taxpayers in the GST network in the country. GST collection in June increased by 12 percent to Rs. 1.61 lakh crore views. For the fourth time the GST amount is Rs. 1.6 lakh crore more was recorded. According to government circles, Delhi ranks highest in terms of fake accounts. The GST Council has taken some decisions in this regard and they will be implemented. He said the objective behind this exercise was to fill such gaps. The issue is likely to be discussed in the council meeting on July 11. Some decisions have already been taken. On which implementation will be started.
For the fourth time the GST amount is Rs. 1.6 lakh crore more was recorded. According to government circles, Delhi ranks highest in terms of fake accounts. The GST Council has taken some decisions in this regard and they will be implemented. He said the objective behind this exercise was to fill such gaps. The issue is likely to be discussed in the council meeting on July 11. Some decisions have already been taken. On which implementation will be started. For the fourth time the GST amount is Rs. 1.6 lakh crore more was recorded. According to government circles, Delhi ranks highest in terms of fake accounts. The GST Council has taken some decisions in this regard and they will be implemented. He said the objective behind this exercise was to fill such gaps. The issue is likely to be discussed in the council meeting on July 11. Some decisions have already been taken. On which implementation will be started.
According to officials, there is no plan to tighten the registration rules for GST. Because the idea of GST was not to create difficulties for the taxpayer to comply with the rules but to simplify the process. CBIC is considering such exercises from time to time to ensure that GST benefits are not misused.
