These days businessman are looting both the government and the consumers in the name of GST as there is software present in the market taking the overall liability of GST at only 10% of the original.
Yes, there is some software in the market which at the time of filing GST returns, reduces the tax liability by the means of some hack coding and lets the businessman lower the supply details also.
The state tax department recently got a tip-off that a software is being used to evade SGST and CGST both and on the basis of the news, the tax department has started the investigation.
According to the investigations, the software can alter the tax details and even tax amount making it a fraudulent tax return filing. According to a raid conducted on a utensil shop, the software was in the usage there making it evident for wider usage.
The department is trying to connect the dots at the state level as there are multiple people involved in this tax evasion fraud. The tax department has tried to counter-attack this tax evasion also.
According to the case of tax evasion, the tax department has announced that there will be no input tax credit given to the dealers who are into this GST evasion act.
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Also, all these dealers will be facing tight scrutiny in the coming time period including each and every entry of tax detail. The tax department would be forming an enforcement team to find more evidence regarding this case.
