Centre Introduces Nationwide Biometric Authentication To Combat GST Fraud

Centre Introduces Nationwide Biometric Authentication To Fight GST Fraud

The GST Council will meet once more after the Price range Session of Parliament is over to take up these points. The assembly is more likely to be held in mid-August, she added.



Printed: June 22, 2024 11:20 PM IST


By IANS

GST Collection
GST

New Delhi: The Items and Companies Tax (GST) Council at its 53rd assembly on Saturday determined to roll out pan-India Aadhaar-based biometric authentication to test pretend invoicing used to fraudulently declare enter tax credit score (ITC) by unscrupulous parts, Finance Minister Nirmala Sitharaman stated.

Two pilot initiatives for biometric authentication have already been carried out efficiently and now the ability will likely be rolled out nationwide in a phased method, the Finance Minister stated at a press convention. To facilitate GST registration, Aadhaar biometric authentication will turn out to be necessary for brand new registrations throughout the nation, she added.

“This can assist us to fight fraudulent enter tax credit score claims made by pretend invoices,” FM Sitharaman stated. FM Sitharaman additionally stated {that a} Group of Ministers (GoM) for reationalising GST charges has been arrange, which is able to submit a standing report within the subsequent assembly.

Bihar Deputy CM Samrat Choudhary will chair the GoM. FM Sitharaman stated that whereas plenty of choices have been taken at Saturday’s assembly, not all GST points could possibly be included within the agenda.

The GST Council will meet once more after the Price range Session of Parliament is over to take up these points. The assembly is more likely to be held in mid-August, she added.




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