CAG points out flaws in GST data; the fault may lie in the framing of the law

A taxpayer, an alleged habitual offender, was issued a show cause notice (SCN) for operating a fake firm and passing a fake input tax credit of Rs 26.53 crore. The concerned department cancelled its registration on June 1, 2018. The taxpayer, in his statements dated June 7, 2018 and July 6, 2018 before the Directorate of Revenue Intelligence (DRI), admitted to be the owner of a fake and non-existi…