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GST Registration By Startups May Come Under More Scrutiny
The central government’s proposal To increase scrutiny of GST registration by startups is counterproductive, say tax experts.
18 Nov 2020, 05:05 PM IST
On Nov. 18, the Law Committee of the GST Council is expected to consider a proposal that increases scrutiny of the indirect tax registrations of companies that don’t have a financial track record like filing of income tax returns. By nature, these would be mostly new companies or startups. The government is seeking to crack down on invoice frauds and has hence proposed detailed physical and financial verification of such companies by...
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