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Move to link Aadhaar with GST registration (Relevant for GS Prelims & Mains Paper III; Economics)

Earlier this month, the Directorate General of GST Intelligence and the Directorate General of Revenue Intelligence conducted a pan-India joint operation, which saw about 1,200 officers simultaneously conducting searches at 336 different locations.

In the process they unearthed a network of exporters and their suppliers who had connived to claim fraudulent refunds of Integrated GST, with more than Rs. 470 crore of input tax credit availed being based on non-existent entities or suppliers with fictitious addresses. A further Rs. 450 crore of IGST refund is also under review.

Fraud in GST refunds
Since the roll-out of the tax in July 2017, frauds totalling up to Rs. 45,682 crore have been detected.  Consequently, GST Council has decided “in principle” to recommend linking Aadhaar with registration of taxpayers. The council also agreed to appraise the possibility of making the biometrics-based unique identifier mandatory for claiming refunds.

The council should move swiftly to recommend mandatory linking of Aadhar for refunds, especially since that has proved to be the main source of most frauds.

Source: The Hindu



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