GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs. 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.
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The Central Board of Indirect Taxes and Customs (CBIC) member, Mr Shashank Priya said the large number of fake registrations unearthed during the drive underlines the need for policy changes to tighten Goods and Services tax (GST) registration and return filing process.
Over 69,600 GST Identification Numbers (GSTINs) have been selected for physical verification, of which 59,178 have been verified by field officers during the ongoing pan-India special drive.
Read more at: NDTV
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