- GST non-filing is widespread in Hyderabad, especially in Troop Bazaar (48%), Begum Bazaar (42%), General Bazaar (39%), and Kukatpally (31%), with wholesale cloth, electronics, and hardware sectors seeing the most evasion.
- About 1.5 lakh of 4.28 lakh registered dealers are not filing returns, causing estimated losses of Rs 150 crore per month and Rs 1,800 crore annually.
- The commercial taxes department is using AI and real-time monitoring to detect non-filers, investigate suspicious filers, and act against dealers who have stopped filing; 8,200 notices were issued and 22,400 registrations cancelled.
- Common reasons for non-compliance include fake invoices/ITC fraud, difficulty with GST 2.0 compliance tools, turnover suppression, and lack of awareness among new businesses.
- Officials warned that bogus billing can lead to criminal prosecution, including imprisonment, as enforcement and recovery drives continue.
Source: a2ztaxcorp.net
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.
Latest Posts in "India"
- Ludhiana Police Crack Down on GST Fraud Network
- High Court Clarifies GST Treatment of Corporate Guarantees Without Consideration
- West Bengal AAR Rejects Hotel ITC Advance Ruling Over Pending GST Proceedings
- IMS vs Purchase Register: GST Reconciliation Guide
- Rajasthan AAAR: Compostable Bags Taxable at 5% Only if Biodegradable
