Ludhiana businessman laud Centre’s drive against fake GST registrations

Ludhiana, May 13 (KNN) The Ludhiana based industrialists have welcomed the central government’s move on holding special all-India drive to detect suspicious and fake companies registered under GST.

The drive will be executed by the GST authorities and will run for a period of two months from May 16 till July 15. 

Businessmen and tax professionals are happy over the development, but they said the departments should ensure that during this drive, owners of genuine and bonafide companies are not harassed, according to a report in the TOI.

Pradeep Wadhawan, former senior vice president of United Cycle and Parts Manufacturers Association, said, “Due to the malpractice of bogus billing being committed by organised gangs based in Ludhiana, Mandi Gobindgarh and nearby areas, taxation departments lose several crores of rupees every month.”

“Unfortunately due to circulation of fake bills of such fraudsters in the supply system, genuine businessmen end up getting penalised from the taxation departments and have to pay penalties for no fault of theirs,” he said.

Wadhawan urged the authorities to ensure that no innocent person is harassed during this drive by the taxation authorities.  (KNN Bureau)