Fraudsters May Use Your PAN & Aadhaar for GST ITC Evasion, CBIC

The public is said to take precautions while sharing the Aadhaar and PAN information without any valid reason or towards the financial gains specifying that the details can be misused by the bogus people for GST theft, said CBIC.

Central Board of Indirect Taxes and Customs (CBIC) mentioned that the Aadhaar and PAN information would be used to make bogus entities in GST towards the theft of taxes and thus people must be cautioned from sharing the same without any true cause.

“Protect your personal data which may be used for creating fake entities in GST for evasion of taxes, CBIC mentioned.

Over the former years, the GST officers has busted various fake companies which are being used to raise the bogus invoices under GST excluding any specific goods supply.

The Only Purpose is to Claim the ITC in a Bogus Way

While filing the taxes or filling of the personal information you must check out the SMS received on your mobile number that the same belongs from the government office, check out the URL of the website, etc. as the same might be used by those bogus people whose intention is to use your details and other things and then fraudulently claim the Input tax credit.

With the help of your own verification, one can help itself from facing any bogus activities.

Arpit Kulshrestha

Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous.

Recent Posts

No GST Returns Will Be Accepted If Filed More Than 3 Years Past Their Due Date

An advisory has been released by the Goods and Services Tax Network (GSTN) which notifies…

12 hours ago

Delhi HC: Two Judgment Orders Against One SCN Cannot Be Accepted for the Same Period

It was cited by the Delhi HC that the two adjudication orders against one SCN…

14 hours ago

CBDT Allows Electronic Filing of Forms 3CEDA and 3C-O Via Notification No. 5/2024

The Central Board of Direct Taxes (CBDT) in an update for the taxpayers via the…

15 hours ago

October 2024 Records the 2nd Highest GST Collection, Driven by Domestic Sales

In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second…

17 hours ago

UP AAR: GST Will Be Levied on the Installation of Electricity Distribution Systems by DISCOMs

Goods and Services Tax (GST) is to get paid on the procurement of materials and…

2 days ago

Bombay HC Quashes Rejection Order for Voluntary GST Cancellation Due to Lack of Stated Reasons

The Bombay High Court carried that as the revocation orders for the registration cancellation on…

3 days ago