Pan-India launch of biometric authentication to check fake invoicing: FM Sitharaman
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council has decided to roll out pan-India Aadhaar-based biometric authentication to check fake invoicing used to fraudulently claim input tax credit (ITC) by unscrupulous elements.
The decision was made at the 53rd meeting of the GST Council on Saturday.
Two pilot projects for biometric authentication have already been carried out successfully and now the facility will be rolled out nationwide in a phased manner.
Sitharaman said at the press conference that in order to facilitate GST registration, Aadhaar biometric authentication will become mandatory for new registrations across the country.
“This will help us to combat fraudulent input tax credit claims made through fake invoices,” FM Sitharaman said.
FM Sitharaman also said that a Group of Ministers (GoM) for rationalizing GST rates has been set up, which will submit a status report in the next meeting. Bihar Deputy CM Samrat Choudhary will chair the GoM.
The GST Council will meet again after the Budget Session of Parliament is over to take up other various issues. The meeting is likely to be held in mid-August, she added.
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