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The CBIC is launching a 2-month Special Drive starting August 16 to crack down on fake GST registrations, where, advanced data analytics will identify high-risk GSTINs.
It follows a successful drive last year that identified 21,791 non-existent entities and detected suspected tax evasion totalling βΉ24,010 crores!
Consequences?
– Fake GSTINs will face cancellation and input tax credit (ITC) blockage.
– Authorities are going after the masterminds behind these scams, with plans to recover dues and even attach properties!
The copy of the order is as under: