CBIC Chairman Discussed with Zonal Chief for Controlling GST Evasion

On Tuesday the Finance Secretary Ajay Bhushan Pandey and CBIC Chairman M Ajit Kumar talked with zonal chiefs to examine if there is any GST (Goods and Services Tax) theft and stop it.

“Finance Secretary, Chairman CBIC and Board Members held a Video Conference with Zonal Chiefs. Discussions centered on ongoing anti-evasion measures and action relating to CGST registrants displaying risky behaviour,”.

In the meeting, it was discussed that actions need to be implemented on the evasion of the revenue.

The GST law council Get to know about GST (Goods and Services Tax) council 1st to 40th meeting updates and decisions taken by members. We have covered 1st meeting to last meeting decisions consisting of the central and state tax officers last week provided that on the subject of prescribed criteria about the 1st lot of bogus traders and the recognition of this assessee which includes non-filing of the returns for 6 months.

There are About INR 6 Lakh, Fake Registrants, in GST

Around 35,000 dealers have come in the list who have registered in 2018-19 and 2019-20, and are entitled to pay more than Rs 50 lakh annually. Whereas more than 99% tax paid via input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India which have no documentation in the income tax or who have not paid tax at least Rs 1 lakh in the last three years.