GST officers detect 10,700 bogus firms, over Rs 10K crore evasion

Q: How long will it take to read this news story?

The story "GST officers detect 10,700 bogus firms, over Rs 10K crore evasion" has 771 words across 30 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "GST officers detect 10,700 bogus firms, over Rs 10K crore evasion" was covered 3 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 219 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22693672</li><li>URL: https://beamstart.com/news/gst-officers-detect-10700-bogus-17271717051222</li></ul>

Business Standard Logo Business Standard 3d ago

GST officers detect 10,700 bogus firms, over Rs 10K crore evasion - Business Standard

Quick Summary:

Central Board of Indirect Taxes and Customs (CBIC) member Shashank Priya said Aadhaar authentication of GST registration is already in place in 12 states and by October 4, another four states would join.

Eventually, 20 states, including Madhya Pradesh, Rajasthan, Assam, Tamil Nadu, Uttar Pradesh and Haryana, will start Aadhaar authentication.

Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against fake companies set up to defraud the exchequer, a senior official said on Tuesday.