The tax council has begun to track the radio-frequency identification (RFID) tags upon the commercial vehicle to find goods and services tax (GST) theft and bogus through the business owners.
The officials are comparing the electronic permits given for transporting goods 
Everything you need to know about GTA (Goods Transport Agency) under the GST Act. We have highlighted GST rates, tax liability, exempted services and more. read more and RFID tags that commercial vehicles practice passing via toll plazas to recognize mismatches.
By comparing the information implemented in the time of generating the e-way bills for goods movement through the actual movement of the commercial vehicles at toll plazas, the administrators of the GST are finding the business owners who are evading GST. It is to be revealed that the e-way bills are needed for the transportation of goods more than Rs 50,000 by a GST-registered business or individual.
What is the Need for RFID TRACKING?
The council has initiated comparing the RFID information of the commercial vehicles through the submitted e-way bills post revealed of this racket. The Central Board of Direct Taxes and Customs (CBIC) states that its officers that the cases engaged in the unregistered companies transporting iron scraps beneath invoices of fake and non-existing firms.
The council can compare the e-way bills towards RFID information when they get united in January this year. This assists the heads in finding the information of the vehicle’s movement mentioned in the e-way bills through the physical movement.
This integration posses an effective thing as it assists the government ramp up efforts to handle and check out the tax theft. The council will be assisted by the way of RFID tracking to reduce the cases mentioned in the IT program.
Source: Livemint.com
