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STD conducts simultaneous search and seizure inspection 2/25/2025 9:14:08 PM Early Times Report JAMMU, Feb 25: As part of its ongoing drive to check the practice of conversion of B2C invoices into B2B and passing on fake ITC to dealers especially those registered as work contractors, Jammu and Kashmir, State Taxes Department (STD) conducted simultaneous search and seizure inspections at various locations across Jammu division here today. The Department has urged the dealers to follow fair-trade practices and avoid indulging in tax evasion activities or fraudulent practices involving fake ITC as it is continuously monitoring such actions through AI based data analytics tools and any dealer indulging in such activities shall be dealt with seriously under GST law. The department made an appeal to all the taxpayers to practice invoice-based business and report their actual sales and pay the necessary amount of GST in their monthly/quarterly returns to avoid enforcement actions and penalties. The Department has impressed upon the taxpayers that any fraudulent activity is generating red flag inputs in various AI tools including Business Intelligence and Fraud Analytics (BIFA), E-way Bills Portal and other portals of enforcement wings and therefore need to be avoided. The entire drive was carried out under the guidance of Commissioner State Taxes J&K, P K Bhat and under the supervision of Additional Commissioner Enforcement and Administration Jammu, Namrita Dogra. Over the past one week, the enforcement teams investigated violations under GST Law by verifying documents, physical stock position, bill books, among others. The inspections are part of enforcement activity. 13 teams have been constituted to carry out inspections across the UT. The drive also targets creating awareness about adhering to the practice of issuing invoices for every sale and purchase. Earlier the Department had conducted awareness drive for customers to seek bills for their purchase as it was their right.   Share This News with Your Friends on Social Network     Comment on this Story

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