The government is totally in action against the possible tax evaders as recently the GST department in Mumbai has confiscated as many as 90 parcels of gold ornaments in a possible suspect of tax evasion supplies. Also, around 85 carriers have been detained in the case of no eligible paperwork for doing the logistics of the consignment.
Last year the Kerala GST department cracked down on 14 kg of gold jewellery worth INR 4.8 crore, while 3 kg of gold from Kochi which was flouting the norms of GST. Till now, the government has been seen doing compliance burden easy but after having gone through such cases, it seems that the government is also strict on the other side of the business.
The nationwide implementation of a GST e waybill from February 1 is expected to curb the tax evasion transitions of supplies across the nation on which the tax has been paid with proper paperwork done. Earlier the e-way bill couldn’t see the light of the day as the software and another system in the chain were not working properly. The government also suspects that due to the enormous cash dealing in the logistics chain across the nation, there might be some hampering on the tax revenue, due to which the government has now decided to take down all those tax evaders through tighter scrutiny.
From the last 4 months, the tax revenues are continuously dipping, giving a fair idea of possible tax leakage within the system. The GST council has proposed the e-way bill on all the logistics above the price value of INR 50000 for the tax purposes. The invoice along with the related e-way bill must be attached and should be carried by the driver the officers intercepted the vehicle for checking.
