The Government can amend legal provisions to tighten the registration process for new businesses. The GST Law Committee has decided this after 1,180 entities out of the over 1.2 crore GST payers were identified for allegedly being involved in the fake invoice racket witharound 350 cases filed in the last five days. The tax bureaucracywith the government is considering a process of “detailed physical and financial verification” by tax officers of entities that do not have a“commensurate financial track record”. It means tax officers shall visit the business premises of the companies that do not have a track record of filing income tax returns or paying taxes.
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