Top Revenue officials on Tuesday urged enforcement chiefs of State and Central GST formations to focus on “real evasion” of taxes rather than “interpretative issues and general industry practice” and emphasised on the importance of finely balancing enforcement actions with the ease of doing business.
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Revenue Secretary Sanjay Malhotra called for enforcement teams to focus on identifying and weeding out fake registrations under a special two-month drive launched on August 16 and underlined that the masterminds and beneficiaries of fake input tax credit (ITC) must be tracked down. He called for strict action against such beneficiaries to ensure this creates the “necessary deterrence” effect.
Source: The Hindu
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