New Delhi: The government has taken the biggest action so far in the GST rigging case. The government has identified 40,000 companies that have taken or exceeded the refund limit or committed some other tax-related disturbances. While the total of GST to be filled is 1.2 crores. The Finance Ministry has kept these 40,000 companies under strict surveillance.

According to the sources, the Finance Ministry is giving them one last chance so that they themselves declare on their own that they have made such a mistake and rectify their mistake, refund the amount wrongly refunded. If not returned, then be prepared for strict action. The government is investigating GST refunds and GST returns, bank account data mismatch.

The joint team of Central Board of Indirect Taxis and Customs (CBIC) and Central Board of Direct Taxes (CBDT) caught the rigging through data analytics, only last week Revenue Secretary Ajay Bhushan Pandey said GST Chief Commissioner of the entire country. , Commissioner, Investigation Agencies, CBIC, CBDT.

Also Read: 

Alphabet becomes the fourth US company, touched one trillion dollar market cap

Amazon Chief Jeff Bezos arrives in India, will invest this amount in medium industries

Sebi cautions PACL investors against fake emails

Budget Expectations 2020: Entrepreneurs demand special package to encourage bicycles