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The authorities has been taking targeted enactment to cheque fake GST registration and much carnal verification is taking place. (Representational photo)
Tax officers person detected astir 18,000 fake companies registered nether GST which person been progressive successful taxation evasion of astir Rs 25,000 crore, an authoritative said.
In the precocious concluded all-India thrust against fake companies, GST officers had identified 73,000 companies which they suspected of being acceptable up lone to avail of input taxation recognition (ITC) without immoderate existent merchantability of goods and thereby defraud the exchequer.
“We had identified astir 73,000 GSTINs for verification successful the 2nd all-India thrust against fake registrations. Of this, astir 18,000 were recovered to beryllium non-existent. They were progressive successful taxation evasion of astir Rs 24,550 crore,” the authoritative told PTI.
Voluntary GST payments of astir Rs 70 crore were made by companies during the peculiar drive.
The authorities has been taking targeted enactment to cheque fake GST registration and much carnal verification is taking place. The 2nd all-India thrust against fake registration began connected August 16 and continued till October end.
In the archetypal thrust against fake registration betwixt May 16, 2023, and July 15, 2023, a full of 21,791 entities having GST registration were discovered to beryllium non-existent. An magnitude of Rs 24,010 crore of suspected taxation evasion was detected during the archetypal peculiar thrust past year.
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