City
Epaper

Govt rolling out pan-India biometric authentication to prevent GST fraud

By IANS | Updated: June 22, 2024 20:15 IST

New Delhi, June 22 The Goods and Services Tax (GST) Council at its 53rd meeting on Saturday decided ...

Open in App

New Delhi, June 22 The Goods and Services Tax (GST) Council at its 53rd meeting on Saturday decided to roll out pan-India Aadhaar-based biometric authentication to check fake invoicing used to fraudulently claim input tax credit (ITC) by unscrupulous elements, Finance Minister Nirmala Sitharaman said.

Two pilot projects for biometric authentication have already been carried out successfully and now the facility will be rolled out nationwide in a phased manner, the Finance Minister said at a press conference.

To facilitate GST registration, Aadhaar biometric authentication will become mandatory for new registrations across the country, she added.

"This will help us to combat fraudulent input tax credit claims made through fake invoices," FM Sitharaman said.

FM Sitharaman also said that a Group of Ministers (GoM) for reationalising GST rates has been set up, which will submit a status report in the next meeting.

Bihar Deputy CM Samrat Choudhary will chair the GoM.

FM Sitharaman said that while a lot of decisions were taken at Saturday's meeting, not all GST issues could be included in the agenda.

The GST Council will meet again after the Budget Session of Parliament is over to take up these issues.

The meeting is likely to be held in mid-August, she added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

CricketDelhi Weather Forecast: Will Rain Play Spoilsport in Delhi Capitals vs Chennai Super Kings IPL 2026 Match?

NationalPunjab Congress chief Warring slams CM Mann over President meet, questions AAP’s credibility

NationalSeveral injured as bus overturns after collision with tractor in MP's Jabalpur, probe on

BusinessSavoir Faire Académie - The Best Finishing School in Asia for Etiquette and Image Building

BusinessQRA Certification Strengthens Global Presence with Advanced Compliance & ISO Certification Solutions

Business Realted Stories

BusinessCBRE India Sets New Benchmark with Investment IQ Pro, India's First AI-Native Workflow Platform for Institutional-Grade Real Estate Investment

BusinessIndia’s First Fully Digital On-Ground Mental Math Championship Concludes in Mumbai

BusinessBEL bags Rs 1,476 crore deal to make five Mobile Electronic Systems for Indian Army

BusinessSanskriti University Champions India's Startup Revolution at Sanskriti Business & Leadership Conclave 2.0

BusinessDomestic investors hit all-time high of 21 pc in Nifty 500