Advocate (Corporate Laws and Tax) 📲: 9389961239 Regd. Ofc. : 201, II Floor, Anandi Apartments, Lajpat Nagar, Chowk, Lucknow-226003.
Tuesday, 4 July 2023
Centre plans to make geotagging, biometric authentication mandatory to curb fake assessees.
In order to make the Goods & Services Tax (GST) system tougher for unscrupulous elements, but more helpful for genuine business, the government is examining two pronged strategy related with ‘place of business. While the first part of the strategy is related with converting the pilot geo tagging for place of business to mandatory for all new registration and latter for all, the second part is about recognizing co-working place as place of business for services sector. At the same time, effort to enhance the scope of biometric authentication to curb fake assessees. Talking to media on the sidelines of an event here to mark 6th anniversary of GST, Vivek Johri, Chairman of Central Board of Indirect Taxes & Customs (CBIC) said the tax authority is trying to see how the system can be tightened further to provide a clean system. Accordingly, tax authorities are looking at whether the registration verification needs to be strengthened further. There are two parts of this process: verification of the place of business and establishing the identity of the person.
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