Jammu : State Taxes Department (STD) on Thursday conducted inspections and enforcement drives across various district of Jammu division to curb the menace of recycling of B2C bills, Input Tax Credit mismatches and other GST violations.
The inspections were 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.
Based on the inputs, teams specifically 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 ca
The STD urged the dealers to follow the fair-trade practices and avoid indulging in tax evasion activities or fraudulent practices involving fake ITC.
Furthermore, the department 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.
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