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TMI BlogBenami GST Registration – Instructions on measures to prevent evasion of tax.X X X X Extracts X X X X X X X X Extracts X X X X ..... to new registrations from July 2017. The registration procedure under Goods and Services Tax Act is simplified with the objective of ease of doing business. After online application, the applicant is deemed registered within 3 days. Therefore, since Oct 2017 in every Quarterly Performance Report, it has been specifically instructed to field officers to verify the new registrations in their respective jurisdiction. Now, the preliminary' enquiry reveals that certain unscrupulous suppliers have managed to get benami/bogus registrations. especially for dealing in highly evasion-prone commodities like plywood, veneer, packing materials etc. There are instances in which such dealers have disappeared from the scene after doing business ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and disappearing from the scene after creating substantial tax liabilities. 3. In GST scenario, the existing taxpayers under VAT/Service Tax migrated to GST portal and obtained 'Deemed Registration'. There are new registrations for doing business in evasion prone commodities. All such cases pertaining to evasion-prone commodities like plywood, veneer, packing material, need to be closely monitored by the assessing authorities and enforcement wing as a market intelligence activities. 4. Ensuring timely filing of returns is the most important factor. Assessing authorities shall scrutinize such returns with e-Way bill data or other available information. 5. Field visits at the business places to be conducted by the assessing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. If any sort of irregularities are noticed in any cases, the bank transaction details has to be collected and verified. If they found that benami/bogus registration, was obtained for dealing in highly evasion-prone commodities like plywood, veneer, packing material, immediate steps shall be taken to intimate the fact to the assessing authority and he in turn shall take necessary steps to cancel the registration after complying with the statutory requirements. 8. All officers are advised to take actions as per the law, only after doing detailed desk review, gathering intelligence and discussing with the supervisory officer the Dy Commissioner. All supervisory authorities shall ensure that the instructions are followed by all offi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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