Fresh crackdown against GST fraud, five more arrests take total to 30 this monthbusinessUpdated: Nov 18, 2020, 08:35 ISTThe government’s nationwide drive against fake Goods and Services Tax (GST) invoices on its fifth day saw five more arrests, raising the total tally of arrested persons to 30, putting 1,282 corporate entities under scanner with 393 cases booked so far, two officials with direct knowledge of the matter said. The Law Committee of the GST Council is expected to meet on November 18 to discuss this matter. Another case involved a firm engaged in providing security services and toll collection services in Delhi and Gurugram. It availed ITC on the basis of fake bills without the actual receipt of goods and services, he said. “The businesses whose owners or promoters do not have commensurate income-tax payment records will require physical and financial verification before their companies can be given GST registration,” he said.

Source: Hindustan Times November 18, 2020 03:07 UTC