Business community supports action against fake GST registrations

The business community has given a positive response to the crackdown on fraudulent Goods and Services Tax (GST) registrations. This shows their support for initiatives to tackle fraudulent practices and foster a climate that is fair and transparent for business. False GST registrations can harm genuine companies by fostering unfair competition and encouraging tax evasion.

GST Fake registration Drive

Authorities should ensure that enterprises using the GST system are legitimate and compliant by cracking down on fake registrations. This improves tax collection efforts, levels the playing field for lawful enterprises, and advances the nation’s overall economic growth.

GST Fake registration drive is a verification process and not inspection process: Read Clarification

Industrialists have applauded the centre government’s decision to launch a special all-India campaign to find fake and suspicious organisations that have registered for GST. These groups had been urging the GST departments to act against the growing threat of bogus invoicing.