There is no mercy for the mastermind of fake input tax credit, know what the CBIC chairman said about tax evaders

Tax evasion not only has a bad effect on governments but also the common people. India is also not untouched in this matter. Tax evasion in the country remains a big headache for the government here. Revenue Secretary Sanjay Malhotra on Tuesday emphasized the need to maintain a better balance between enforcement action and ease of doing business while dealing with suspected cases of GST evasion.

There will be a close watch on the mastermind of the fake input tax credit

Addressing the second edition of the National Conference of Enforcement Heads of State and Central GST Structure, Sanjay Malhotra also stressed the need to keep an eye on the masterminds and beneficiaries of fake input tax credit so that strict action can be taken to curb such activities. This meeting was held amid the ongoing special campaign to detect fake GST registrations. This campaign started across the country on August 16 and will continue for two months.

There is a need to think ahead of tax evaders

According to an official statement, “The Secretary emphasized the importance of maintaining a fine balance between enforcement action and ease of doing business to enforce the rules.” In his address, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal stressed the need for enforcement agencies to think ahead of tax evaders to ensure smooth implementation of the GST system.

Veterans from major departments also participated

The conference was attended by senior officials of the Department of Revenue, CBIC, Commercial Tax Commissioners, GST enforcement heads of states, and the CEO of GSTN, among others. Officials from departments like the Central Board of Direct Taxes (CBDT), Enforcement Directorate (ED), Directorate of Revenue Intelligence (DRI), Financial Intelligence Unit (FIU-IND), and Central Economic Intelligence Bureau (CEIB) also attended this important conference.