Registration of over1,200 bogus dealers cancelled

  • | Thursday | 11th July, 2019

According to the statement the department conducted field verifications and inspections of 16,141 suspicious dealers through GST inspectors. These dealers had got their registration under the GST to defraud the government exchequer using fake invoices, the statement said. Registration of 1,282 dealers has been cancelled and show-cause notices for cancellation have been issued to 3,221 dealers, of which proceedings are still underway. As per the statement, the input tax credit (ITC) of more than Rs 128.3 crore had been blocked in respect of 1,526 bogus dealers so that these dealers could not avail the ITC illegally. The purpose behind the use of such fake invoices was the fraudulent encashment of the ITC.

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