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GST Council Verifying New Registrations by Taxpayers

New Registrations by Taxpayers Under Verification

On Monday, 23rd December 2019, Sushil Kumar Modi Bihar Deputy Chief Minister and the convenor of Group of Ministers (GoM) on integrated GST stated that- ” The Goods and Services Tax (GST) Council is examining the validity of 66.79 lakh new registrations.”

In a conversation with reporters after the meeting of the Group of Ministers, He also said that “Many of these registrations may be linked to fake or undercover or pertain to shell companies. All the 66.7 lakh newly registered taxpayers hardly pay a 15% tax. The tax we get from them is only 15 percent of the total tax. This amount is about Rs 10,000 crore. That is why we are closely monitoring these new taxpayers to ensure that these taxpayers are not fake. “

Sushil Modi said that since the implementation of the GST system in the country, the total number of registered taxpayers in it reaches 1.21 crore. In it, 66.79 lakh are newly registered taxpayers.

According to him, many states have started the work of taking and collecting information of these taxpayers by reaching their premises, geo-tagging and uploading photographs of their workplaces from mobile to their computer system.

Modi also made aware about the new decisions in the same conversion that, “We have decided in a meeting of the GST Council that if a company does not file its 3B return for two consecutive months, then their e-way bill will be blocked/ stopped.” according to the report, E-way bills of 3.47 lakh dealers have been already stopped. As soon as these dealers will file 3B returns under GST Get to know details on GST return 3B form along with the online procedure for filing return of the current financial year. We break down the form for easy understanding, the system will automatically allow their e-way bill generation process.

Modi said that another decision was taken in the meeting in which the late fee of Rs 100 per day has been removed for those who do not file GSTR-1. But those who do not file GSTR-1 twice in a row, their e-way bill will be stopped.

Companies need an e-way bill for the transporting of goods within the state or from one state to another.

On the question of how much amount of GST refund was stuck with the GST administration to companies, Modi said that Rs 25,170 crore of 77,038 applications were pending in online refunds. Of these 5,912 applications, 2 503 crores have been released. The Online refund has now gained momentum. He said that the reason for the slow pace of refunds is that many states are not confirming receipt of online applications.

Modi said that a new form of return filing The GST Council, along with the government, has accepted a new set of GST return forms with the aim to remove the ongoing issues and simplify the overall return will be issued for GST taxpayers from April 1, 2020. It will be simple and will require very little information. Modi also answered a question of lower GST returns that this has happened due to the cyclical slowdown in the economy. It will be back on track soon. He dismissed the allegations of not giving the states their share in the GST and said that all the dues are being paid.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Sourabh Kumar
Sourabh Kumar is Tech Influencer who wants to explore new fields, Documents and represent his gained knowledge to the world. He is having a vast experience in writing content in Technology, Social Issues, and the education field. Interest in learning new things and sharing observations and knowledge brings him to SAG Infotech as Content Writer. View more posts
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