CBIC has instructed the field officers that they have to suspend registration after seeing the parameters on which the parameters are found and after which the suspension can be lifted. In this, at the time of inquiry, the taxpayer gives satisfactory reply to the questions, then the process of withdrawal of suspension will proceed. The SOP has also directed that suspended registration should be initiated only when the outstanding tax is collected. During questioning and investigation, if found disturbed, they can also be canceled directly.
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GST collection reached a high in January 2021
The immediate suspension of GST registration will be in those cases, where it is felt that if it continues further, there will be disturbances again. Please tell that in four consecutive months The GST collection has been worth Rs 1 lakh crore. In January 2021, the GST collection has reached a high of Rs 1.20 lakh crore. At the same time, 2,500 cases have been registered against 8,000 institutions since mid-November 2020 as part of the government’s ongoing campaign against fake invoice rackets. 258 will be brought, including eight chartered accountants, has been arrested.
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Central government’s stance on fake invoices
The central government has informed the accounting rules maker and the self-regulatory Institute of Chartered Accountants of India (ICAI) to take action against the wrong CA. Fake invoices are used not only to avoid GST and income tax, but also to withdraw money from companies. Also to take loans from banks They are also used.