Importers, exporters to mandatorily declare GSTIN in documents from Feb 15

Data analytics by the revenue authorities have detected rampant tax evasion through black market and under-valuing of imports. It has come to light that although importers are paying GST, they are supplying the goods without bill. Importers typically pay integrated goods and services tax or IGST on goods they bring into the country. This tax is supposed to be set-off against the actual GST paid by the final consumer, or claimed as refund.

from Economy-News-Economic Times https://ift.tt/39jJfYz
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