Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
GST - Goods and Services Tax »
Open DEMAT Account in 24 hrs
 Deadline For Filing Annual GST Return Extended
 CBIC extends deadline for filing GST Annual Returns
 GST: CBIC notifies new Rule restricting the use of ITC for discharging the Output Tax liability
 Rajasthan High Court allows petitioner to apply to GST Council to get CENVAT Credit benefit
 Govt. cancels GST Registration of 163k Business entities for Non-Filing of Tax Returns
  GST Allahabad HC upholds Provisional attachment of Bank Accounts and FDR as it was issued for protecting interest of Government revenue
 GST: Allahabad HC upholds Provisional attachment of Bank Accounts and FDR as it was issued for protecting interest of Government revenue
 GSTN enables option for opting quarterly filing of GST returns under QRMP Scheme
 New guidelines for UPI payment of GST
  New rules to sign up for GST
 GST registration of defaulters under lens
 The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from November 27, 2020
 Delhi Govt waives off Late Fee for registered person who failed to furnish the return in FORM GSTR-3B GST
 The problem with tough plans against GST fraud
 New rules to sign up for GST

Govt. cancels GST Registration of 163k Business entities for Non-Filing of Tax Returns
December, 14th 2020

The Government has canceled the Goods and Service Tax (GST) registration of 163,000 business entities who have not filed monthly tax returns (GSTR-3B) for the last six months or more.

Furthermore, the department would persuade 25,000 taxpayers, who have not filed returns for October that was due by November 24, to comply with tax return deadlines.

“All these business entities, who had not filed their GSTR-3B returns for more than six months, were first issued the cancellation notices and then their registrations were cancelled as per standard operating procedure,” one of the officials said.

The Tax officers have been directed to follow up personally with these defaulting taxpayers so that their GSTR-3B returns due for the month are filed by November 30.

 

The push for better compliance comes on the heels of the tax department’s nationwide drive against fake invoice scams. It is suspected that fraudsters often register firms under GST but remain mostly dormant on compliance while using the status to claim invalid input tax credit (ITC).

As per the sources, in the Ahmedabad zone 11,048 GST registrations have been cancelled.

In the Chennai zone, 19,586 suo motu cancellations have been done so far in respect of GST taxpayers who have failed to file returns for more than six months. The officials said that the tax authority is also scanning newly registered entities that have not provided correct details at the time of registration. Out of 720 deemed registrations granted between August 21 and November 16 this year, where Aadhaar authentication was not done, 55 deemed registrations have been identified for the discrepancy and the process of cancellation was initiated in these cases.

Furthermore, the department would persuade 25,000 taxpayers, who have not filed returns for October that was due by November 24, to comply with tax return deadlines.

“All these business entities, who had not filed their GSTR-3B returns for more than six months, were first issued the cancellation notices and then their registrations were cancelled as per standard operating procedure,” one of the officials said.

The Tax officers have been directed to follow up personally with these defaulting taxpayers so that their GSTR-3B returns due for the month are filed by November 30. The push for better compliance comes on the heels of the tax department’s nationwide drive against fake invoice scams. It is suspected that fraudsters often register firms under GST but remain mostly dormant on compliance while using the status to claim an invalid input tax credit (ITC).

 

As per the sources, in Ahmedabad zone 11,048 GST registrations have been cancelled.

In Chennai zone, 19,586 suo motu cancellations have been done so far in respect of GST taxpayers who have failed to file returns for more than six months. The officials said that the tax authority is also scanning newly registered entities that have not provided correct details at the time of registration. Out of 720 deemed registrations granted between August 21 and November 16 this year, where Aadhaar authentication was not done, 55 deemed registrations have been identified for the discrepancy and the process of cancellation was initiated in these cases.

Read more at: https://www.taxscan.in/govt-cancels-gst-registration-of-163k-business-entities-for-non-filing-of-tax-returns/89019/

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting