The committee also recommended that the dealer may also be required to deposit a certain portion of their taxes through cash or through bank guarantee up to two per cent of their tax dues.
The law committee of the Goods and Services Tax (GST) Council has recommended tightening the registration process to weed out those issuing fake invoices, informed sources.
After its two-day deliberations, the committee suggested introducing an Aadhaar-like registration process for new applicants under the GST regime. Under this, a new registration can be done online with live photo and use of biometrics after document verification, said sources in the Department of Revenue (DoR).
Such facilities can be provided at banks, post offices, and GST seva kendras (GSKs). The GSKs can work along the lines of passport seva kendras insofar as to provide new registration facilities with the mandatory checks on fake registration.
First Published: Nov 22 2020 | 6:54 PM IST