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Data analysis has revealed that many registered taxpayers under GST have completely disappeared and this is a matter of worry. Department may soon start inspecting the premises of registered taxpayers, who have registered for the GST and then vanished i.e. those who have obtained registration in GST but neither they are filing their returns nor paying any taxes. The authorities are considering to start an extensive plan to hunt for these missing GST taxpayers. 

GST Department is also worried by a drop in filings of GSTR-3B, a tax return form to be submitted by all those registered taxpayers for GST every month. According to the government, 6.96 million GSTR-3B forms were filed in November for the month of October. There are over 10 million businesses registered for GST. 

According to a Karnataka government circular, the inspection of business premises of registered entities by the enforcement wings revealed non-compliance on the part of taxable people by not paying taxes that are legally due to the government or not filing returns. 

Tax experts says compliance under GST has not improved and the tax authorities are expected to resort to such measures. 

 


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TaxReply


Dec 14, 2018


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