Suspense Crime Sach Ka Dam
Tax officials have achieved major success. Officials have detected about 18,000 fake companies registered under the Goods and Services Tax (GST). Officials say that these companies are involved in tax evasion of about Rs 25,000 crore. In the recently concluded second nationwide campaign against fake companies, tax officials had identified a total of 73,000 companies, which they suspected were set up only to avail of ‘input tax credit’ (ITC) without selling any actual goods and thus these companies were continuously defrauding the government treasury.
73,000 GSTINs were identified for verification
Tax officials said on this whole matter, “In the second nationwide campaign against fake registration under GST, we identified about 73,000 GSTINs for verification. Out of these, about 18,000 such companies were found which do not exist. These fake companies were involved in tax evasion of about Rs 24,550 crore.” During a special campaign run by the department, voluntary GST payment of about Rs 70 crore was made by the companies.
21,791 fake companies were exposed in the campaign conducted from May 16 to July 15
Let us tell you that the government is taking targeted action to check fake GST registration and maximum physical verification is being done. The second nationwide campaign against fake registration was run from 16 August to the end of October. Under the first nationwide campaign against fake registration that ran from 16 May to 15 July last year, 21,791 companies with GST registration were found to be non-existent. During the campaign, suspected tax evasion of Rs 24,010 crore was detected.
