Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Government issues guidelines for officers to carry out GST checks


Date: 30-11-2020
Subject: Government issues guidelines for officers to carry out GST checks
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has unveiled standard operating procedures (SOPs) to be followed by tax officials carrying out physical verification of the entities that have been granted a deemed GST registration without Aadhaar authentication. 

This part of the Tax department’s strategy to counter GST fake invoice frauds through search and surveys leading to arrests and filing of cases against fake entities involved in availing and passing on input tax credit (ITC) fraudulently, According to sources the guidelines would effectively curb the fake invoices menace and ITC frauds and ensure proper facilitation of ease of doing business for the genuine applicants/entities without any overreach by tax officials. These measures come after a high level review held in the department of revenue to assess the impact. 

CBIC sources said that an entity having deemed registration where the applicant either has not opted for Aadhaar authentication or where such authentication has failed, has to go for mandatory physical verification of the premises, or in cases where the physical verification is difficult, certain additional documents may be called for verification by the tax officer (upon approval of an officer not below the rank of joint commissioner) before grant of any registration. 

Source:-timesofindia.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2021 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+