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Showing posts with the label world news CBIC will use biometric authentication for risky entities.

Center working towards mandatory geotagging, biometric to weed out bogus entities under GST: Vivek Johri

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 In a bid to weed out bogus entities registered under GST and plug the fake input tax credit (ITC) claims going ahead, the government is working towards making geotagging of addresses of all companies mandatory while biometric authentication will be compulsory for the ones detected as risky, CBIC Chairman Vivek Johri said. “We are looking to tighten the GST system. The verification at the time of registration of new entities needs to be strengthened further. Currently, we establish the identity of the person via OTP-based authentication using Aadhaar and PAN. We will use biometric authentication for risky entities. The person in suspicious cases will be asked for biometric authentication,” Johri told the media as Goods and Services Tax completes six years of implementation. “We have started a pilot in 2-3 states to geo-tag the address so that the exact location is available. In the past we found an office place was created for verification, but subsequently, it's not there. To prev...