Finance Minister Nirmala Sitharaman said on Friday that the Goods and Services Tax (GST) registration process may be further strengthened by using technology to curb the entry of fake entities into the GST ecosystem.
The minister also called for a nation-wide campaign to explain the objectives of the special drive to weed out the fake entities.
Nirmala Sitharaman is an Indian economist and politician serving as theMinister of Finance and Minister of Corporate Affairs of the Government of India since 2019.
The Goods and Services Tax is a successor to VAT used in India on the supply of goods and services. GST is a digitalized form of VAT where you can also track the goods & services. Both VAT and GST have the same taxation slabs.
Sitharaman was chairing a review meeting of the ongoing drive against fake billing for GST evasion. The minister was informed that 11,140 fake registrations have already been detected and action has been initiated against them.
Sitharaman was also apprised of the methods being adopted. Such as identity theft of people, along with the actions being taken against fake registrations.
She also took note of the existing measures being undertaken. By the Finance Ministry such as OTP-based verification of Aadhaar and pilot of biometric-based Aadhaar authentication. At the time of registration in high-risk cases.
Revenue Secretary Sanjay Malhotra and CBIC Chairman Vivek Johri apprised Sitharaman. That Artificial Intelligence tools are being extensively used to identify the possible fake networks.
