"New steps by the Government of India to curb GST evasion".
The Government of India has taken a new step regarding GST. Measures have been taken to prevent GST evasion from some unscrupulous traders.
The rule is that from now on, traders who earn more than Rs 50 lakh a year will have to pay at least 1% GST in cash. As a result, the government is thinking that this will prevent GST evasion.
In fact, for a long time now, a class of unscrupulous traders have been accused of refunding GST money because these traders have demanded the refund of GST paid by showing fake documents of some kind of transaction.
As a result, the finance ministry has created a new rule to prevent this. And in this new rule it is written that every trader earning more than 50 lakhs a year has to pay 1% GST in cash.
However, it also states that the income from the sale of goods with zero tax rate will not be included in the annual income.
Moreover, the finance minister demanded that no new measures would be applied to those companies whose partners paid GST of more than Rs 1 lakh on last year's income.
He also mentioned in the new rule that GSTR-1 forms can no longer be filled for products for which transactions have not been completed by filling up the GSTR-3B form.
At the same time, 1 day has been fixed for transporting goods by truck to cover a distance of 200 km.
In the new rule of the Ministry of Finance, it has been instructed to verify the information of Aadhaar card as a national identity as per the government evidence to prevent the registration of fake organizations.