The GST Council has made some changes in the registration rules showing strictness on fake GST registration and wrong input credit claims.
According to CBIC Chairman Vivek Johri, ‘According to the new rules, now valid bank account information will be mandatory. Failure to do so will result in cancellation of the registration. Now physical verification can be done even if the registered person has Aadhaar details.
At the same time, it is being formalized by discussing the biometric identity verification pilot for identification.
Read this also: Government will investigate Byju’s accounts, orders to investigate account books.
CBIC chairman Vivek Johri had already discussed bringing biometric verification in conversation with BQ Prime. Then he had said, ‘We were earlier using OTP based authentication. Now we are also moving towards biometric authentication. In case of doubt, the person concerned may be asked to get his biometric details verified by visiting an Aadhaar centre, so that we can be sure that the person whose identity is given in the documents is indeed the same person.
4,972 registrations were canceled
Recently, the GST officials of the Center and the states had exposed a big fraud in the campaign against fake registration. The team found 17,000 fake GST-INs. Of these, 11,015 were suspended, while 4,972 were cancelled. The team also busted tax evasion of Rs 15,000 crore.
What is the rule of registration now?
As per the existing GST rules, a person is required to furnish, within a period of 45 days from the date of grant of registration or the date on which the return is due, the details of his bank account, which is in the name of the registered person and is linked to PAN. At present, physical verification of business premises is not mandatory for registration.
