Login With Google
Aadhaar to be made mandatory for GST
Why is it in the news?
- The GST Network has decided to make Aadhaar authentication mandatory for new dealers from January 1, 2020, to check malpractices.
More in the news
- Why Aadhar to be made Mandatory?
(1) About 66.79 lakh new registered dealers were paying just 15% of the taxes, constituting about ₹10,000 crore in monthly collections.
(2) Monthly collections had crossed the ₹1 lakh-croremark in six out of eight months during April-November, 2019.
(3) A large number of operators are registering themselves as GST dealers. They make fake invoices also.
- A total 24.86 lakh fake or bogus registered dealers had been weeded out from the GST.
Source
The Hindu.