Central and state goods and services tax officials have detected about 10,000 fake GST registrations in the first week of a joint drive. The officials are conducting door-to-door physical verification of addresses before initiating any action, people aware of details said. “In the first week of the drive so far we have detected about 10,000 fake GST registrations,” a senior official told ET. The amount of fake input tax credit is yet to be ascertained. The physical verification cases have been selected through data analytics and risk parameters by GST Network (GSTN), which identifies possible fraudulent GSTINs for state and central tax authorities.

Source: Economic Times May 25, 2023 05:45 UTC