GST, Tamil Nadu state department has allotted a circular to permit updated registration to monitor and prevent bill traders.
In the case of preventing the bill traders while permitting the new enrollments beneath GST, the Tamil Nadu Government as the portion of taking the precise corrective actions, authorizing the Jurisdictional Proper Officers viz., AC, STOs, and DSTOs to undertake pre-verification of new applications with matching parameters of 1) Place of business 2)PAN 3) Mobile No. 4) Email ID 5) Authorized signatory and 6) Bank account details.
The same would be under the compliance of the reports in which 771 bill traders, an engaging revenue of Rs 1648 cr would be fetched via department and the corresponding enrollment was revoked and seeks action with respect to the beneficiaries (purchasers claiming improper ITC).
The same mechanism is being used to prevent the bill traders from again coming to the GST fields. Under the circular, it is specified that the bill traders post to obtaining the enrollment, and provides the invoices without the supply of the goods or services for the bigger amounts in a short period of time. The council revealed the bill trading activities are there exclusively when he furnished the return on the 20th day of the next month, “by which time he disappears from the declared place or is non-existent even from the date of registration, leaving no trail to find them out by the Department.” Once more the bill traders were revealed into the system with another name and continued the identical bill trading activity. So it is essential that the council needs to make a stronger investigation of the new registration application to find out the bill traders during the entry-level on its own.
Thus the same is mentioned that any application towards the upgraded registration furnished to undergo the process of matching with the database as to whether any of the next 6 parameters concerning revocation of the GST registration reveal to matched with the information given in the application of the new registration, in each case of the pre-verification of the location of the business, via jurisdictional proper officer under the notification in the given reference, for the prevent the bill traders from applying for new registration, the circular expressed.
A team of IT would make available the mentioned list to the proper officer of the base circle on a daily grounds.