Is In-person Verification Mandatory For GST Registration in India
The in-person verification has become compulsory from 21 August 2020 before registration is granted to the new applicant. The Finance Ministry has notified new norms for GST registration to check the menace of GST fake invoices fraud. After several rounds of discussion at the GST Law Committee, it's approved by GST Implementation Committee (GIC) and deliberated among the 10 States' members and the center's representatives, which helped tackle the menace of fake invoices. According to the new norm, "Now there should be in-person verification compulsory to registration granted to the new applicant. If the applicant goes for Aadhaar authentication, he/she will undergo biometric-based Aadhaar authentication at any of the facilitation centers notified by the Commissioner''. Objective behind introducing new norms for GST registration The prime objective of the Indian Government behind inserting this provision is to reduce the fraudulent activities of ITC...