Key Points
The GST Council on July 11 will discuss some more measures to tighten the noose on fake registration and fraudulent generation of input tax credit (ITC) as it looks to check tax evasion, a top official said on Friday...
"We are thinking of some other measures and we will take them through the due process of the law committee and GST council," Central Board of Indirect Taxes and Customs Chairman Vivek Johri told reporters...
The 50th meeting of the GST Council is scheduled on July 11...
The GoM submitted its report to the Council in December last year, but the Council has not taken it up for discussion.. Further, the Council will also decide on a convenor for the Group of Ministers (GoM) on rate rationalisation...
During the drive, GST Network has identified 60,000 entities which could be having fake registration and for that central and state tax officers have initiated physical verification of the premises...
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