Tax officers have cancelled GST registrations of over 1.63 lakh entities in October and November for non-filing of returns, sources mentioned.
Additionally, out of 720 deemed registrations granted between August 21, 2020 to November 16, 2020 the place Aadhaar authentication was not carried out, 55 have been recognized for discrepancies and the method of cancellation has been initiated in these instances, they added.
Sources mentioned to deal with the menace of pretend companies, fly-by-night operators and round buying and selling entities, the GST subject formations have cancelled 1,63,042 registrations in October and November this 12 months resulting from non-filing of GSTR-3B returns for greater than six months.
Income division sources mentioned all these GSTIN entities which had not filed their GSTR-3B returns for greater than six months have been first issued the cancellation notices after which their registrations have been cancelled as per the usual working process.
Additional, 28,635 taxpayers who haven’t filed their GSTR-3B returns for greater than six months as on December 1, 2020 have been recognized and all of the GST Commissionerates have been directed to provoke suo-moto cancellation course of in these instances.
In the meantime, inside one month of its nationwide drive launched within the second week of November towards pretend bill frauds, the Directorate Normal of GST Intelligence (DGGI) and Central GST Commissionerates have to this point arrested 132 individuals, together with 4 chartered accountants and a lady for availing or passing on ineligible enter tax credit score (ITC) fraudulently.
Additionally, 1,430 instances have been booked towards greater than 4,586 pretend GSTIN entities throughout the nation.
Sources mentioned a chartered accountant was arrested from Visakhapatnam for allegedly issuing pretend ITC to the tune of Rs 20.97 crore by creating 14 pretend companies with out provide of products.