Excelsior Correspondent
JAMMU, Jan 2: To curb the violations under GST Act, the State Taxes Department (STD) today conducted inspections and enforcement drives across various district of Jammu division.
The inspections were conducted to curb the menace of recycling of B2C bills, Input Tax Credit mismatches and other violations.
Entire drive was carried under the guidance of Commissioner State Taxes J&K, P K Bhat and under the supervision of Additional Commissioner Enforcement and Administration Jammu, Namrita Dogra.
Based on inputs generated by various AI tools like Business Intelligence and Fraud Analytics (BIFA), E-way Bills Portal, the department constituted special teams headed by STOs.
The teams visited various business premises to investigate violations under GST Law and inspected dealers who were found engaged in the recycling of B2C invoices into B2B invoices, thereby passing on ITC to other dealers and contractors.
The ITC was being used to settle GST output tax instead of being paid in cash.
The officers urged the dealers to follow the fair-trade practices and avoid indulging in tax evasion activities or fraudulent practices involving fake ITC.
They further appealed all taxpayers to practice invoice-based business and report their actual sales and pay the necessary amount of GST in their monthly/quarterly returns to avoid enforcement actions and penalties.
Follow our WhatsApp channel
