- The Indian government is planning to implement a Standard Operating Procedure (SoP) to address unauthorized GST collection.
- Many taxpayers whose GST registrations were canceled due to fraudulent practices are still operating their businesses and collecting taxes.
- The government will take stringent action against these taxpayers in collaboration with state governments.
- The SoP will be announced at a national tax conference scheduled for next month.
- It is illegal to continue with the business and collect taxes after GST registration has been revoked.
- A nationwide drive was conducted to uncover fake registrations, resulting in the arrest of 7 individuals and the detection of GST evasion amounting to Rs 10,902 crore.
- Between July 2017 and June 2023, 5,070 cases of fraudulent GST registration were identified, resulting in a tax evasion amount of Rs 27,426 crore and the arrest of 331 individuals.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
