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TNGST Act, 2017- Identification and prevention of bill traders in the newly applied cases — certain instructions-issued - GST - States - 10/2022 (PP2/GST-15/20/2022)

Extract

..... the Goods and Service Tax Acts, registration process has been simplified as a part of ease of doing business, without undergoing the process of pre-verification of business premises. Taking advantage of the same, many unscrupulous persons have taken multiple registrations to indulge in bill trading activities causing loss of revenue to the state exchequer. In our State, 771 bill traders involving revenue of Rs. 1,648 crore have been detected by the Department and their registrations were cancell .....

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TNGST Act, 2017- Identification and prevention of bill traders in the newly applied cases — certain instructions-issued - GST - States

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..... supply of goods or services for huge amount within a short span of time. The Department comes to know about the bill trading activities only when he files return on the 20th day of the subsequent month, by which time he disappears from the declared place or non-existent even from the date of registration, leaving no trail to find them out by the Department. Again the bill traders come into system with different name and continue the same bill trading activity. Hence, it is imperative that the D .....

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TNGST Act, 2017- Identification and prevention of bill traders in the newly applied cases — certain instructions-issued - GST - States

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