4900 fake GST registrations were canceled

GST officials have identified around 17,000 non-existent GSTINs and canceled 4900 bogus registrations with it. This big step has been taken under the ongoing campaign against fake GST across the country. A senior tax official has given this information. At present, there are 1.40 crore businesses registered under Goods and Services Tax (GST) in the country. This number is almost double the number of businesses registered in the indirect tax system before GST was implemented.
Several bogus GST registrations have been canceled and suspended
Central Board of Indirect Taxes and Systems member Shashank Priya said that by July 4, 2023, more than 69,600 GST identification numbers have been selected in the drive against fake registrations across the country. Their physical verification will be done through field officers. In addition, 59,000 GSTINs have been identified which have been verified and 16,989 GSTINs have been identified as non-existent or non-existent. Out of 69,600 GSTINs, 11,000 GSTINs have been suspended and 4,972 GST registrations have been cancelled.
Tax evasion of Rs 15,000 crore detected so far
Total tax evasion of Rs 15,000 crore has been detected under this drive. At the same time, 1506 input tax credits have been blocked and tax of Rs 87 crore has been collected. Giving this information at Assocham’s National Conclave, Shashank Priya said that the aim of the government is to discourage those who get fake GST registrations and punish them by bringing them under the purview of the law.
What is the timing and target of the fake GST registration campaign?
Government has launched a two month long campaign against fake GST registrations which started from 15th May 2023 and will end on 15th of this month i.e. 15th July 2023. Fake registration under GST is a major threat to the country as fraudsters take advantage of it. ITC is done by issuing fake bills and this causes loss to the exchequer.
Shashank Priya also said that the tax department is looking at bringing in more detailed reporting for monthly tax returns filed through GSTR-3B. With the help of this, the process of better matching of GSTR-3B and GSTR-2B will be done. It is an auto-draft statement which helps in filing GST.