Traders, retailers welcome move by CBIC to curb fake GST registrations

Ease of doing business for MSMEs:  Traders and retailers have welcomed the move by the Central Board of Indirect Taxes and Customs (CBIC) to identify fake GST registrations and take appropriate action against offenders. Fake registrations are used to claim the input tax credit (ITC) through invoices without any underlying supply of goods or services. The ‘Special All-India Drive’ to detect fa…