The CBIC on Thursday cautioned the general public towards sharing Aadhaar and PAN particulars and not using a legitimate motive or for financial good points, saying that the knowledge may very well be misused by fraudsters for GST evasion.
In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) stated Aadhaar and PAN particulars can be utilized for creating faux entities in GST for evasion of taxes and therefore folks ought to chorus from sharing these and not using a legitimate motive.
“Protect your personal data which may be used for creating fake entities in GST for evasion of taxes,” the CBIC tweeted.
Over the previous years, Goods and Services Tax (GST) officers have busted a number of bogus companies, which had been used to boost faux invoices with none precise provide of products. The sole intention is to fraudulently declare enter tax credit score (ITC).