TIWN
New Delhi, June 17 : Finance Minister Nirmala Sitharaman said on Friday that the Goods and Services Tax (GST) registration process may be further strengthened by using technology to curb the entry of fake entities into the GST ecosystem.
The minister also called for a nation-wide campaign to explain the objectives of the special drive to weed out the fake entities.
Nirmala Sitharaman is an Indian economist and politician serving as theMinister of Finance and Minister of Corporate Affairs of the Government of India since 2019.
The Goods and Services Tax is a successor to VAT used in India on the supply of goods and services. GST is a digitalized form of VAT where you can also track the goods & services. Both VAT and GST have the same taxation slabs.
Sitharaman was chairing a review meeting of the ongoing drive against fake billing for GST evasion. The minister was informed that 11,140 fake registrations have already been detected and action has been initiated against them.
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