New Feature On GST Portal To Combat Fake GST Registration

Author: Jatin Gupta

The Gst portal new feature is the most expected feature to fight Fake Gst registration. As we all know, a PAN card (Permanent account number) helps to disclose the identity of a person. The PAN card has increasingly grown essential. This is mainly because all financial information is identified and tracked. In addition, it is necessary to have a PAN Card for ITR Filing & GST Registration.

Keep an eye on Misuse PAN Cards

There have been a number of incidents when fraudsters have exploited someone else's PAN Card to register for GST. Those companies, therefore, began to claim input for phony invoices.

Furthermore, counterfeit firms registered with fraudulent GST do not mention GSTIN numbers and utilize the invoice.

It made tracking transactions difficult, therefore it offered an advantage to scammers. The government thus established a new feature to fight the flawed registration on the Gst Portal.

New Feature On Gst Portal To Combat Fake Gst Registration

Feature to register complaints on the GST portal was developed for taxpayers. It enables the complaint regarding a violation of PAN's abuse of GST registration to be logged.

Consequently, during the investigation and termination of the registration, it will monitor the usage, track fraud and help police. Following the lodging of the complaint, the complaint is submitted to the competent entity involved for the relevant inquiry, and necessary action is taken in respect of illegal registration.

Let us now look at some tips to prevent the misuse of PAN.

5 Important Tips to prevent the misuse of PAN

The misuse of your PAN can result in severe damage to you or your business. Therefore, experts recommend following some precautionary steps as mentioned below to prevent the misuse of PAN Card.

  • Firstly, Don't upload your documents on free tools available on the internet.

  • Secondly, Don't share your PAN Card with anyone else except a trustworthy and reputable CA consultancy.

  • Besides submitting a PAN Card to the CA consultancy firm, make sure to submit signed copies with the date written on them. You should also consult the CA Consultancy firm before handing them the documents.

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