Over 1.63 lakh GST registrations cancelled

To deal with  the menace of fake firms, fly-by-night operators, and circular trading entities, the GST field formations have cancelled over one lakh 63 thousand registrations in October and November this year due to non-filing of GSTR-3B returns for more than 6 months. Also, out of 720 deemed registrations granted between August 21, 2020 to November 16, 2020 where Aadhaar authentication was not done, 55 have been identified for discrepancies and the process of cancellation has been initiated in these cases
According to sources  within one month of its nationwide drive launched in the second week of November against GST fake invoice frauds, the Directorate General of GST Intelligence (DGGI) and CGST Commissionerates has so far arrested 132 persons including four Chartered Accountants and a woman for availing or passing on ineligible Input Tax Credit fraudulently. Officials   have also  booked 1430 cases against more than 4586 fake GSTIN entities identified across the country. One  chartered accountant was arrested from Visakhapatnam for allegedly issuing fake ITC to the tune of Rs 20.97 crore by creating 14 fake firms without supply of goods.

Further, 28,635 taxpayers who have not filed their GSTR-3B returns for more than six months as on December 1, 2020 have been identified and all the GST Commissionerates have been directed to initiate suo-moto cancellation process in these cases.