Welcome you to the Thirtieth edition of DevMantra Times for the month of August 2023. India will celebrate its 77th Independence Day on August 15, 2023 Proud moment for India as country assumes G20 presidency and India’s Space Mission. India’s third moon mission, Chandrayaan-3,was successfully launched onboard a Launch Vehicle Mark-3 (LVM-3) rocket from the second launch pad at the Satish Dhawan Space Centre in Sriharikota at 2.35 pm on July 14.
Economic Updates:The Seven-year Glitch:Inside The Govt’s War ToPlug The Gst Leakage
In May, under a special drive to detect fake GST registrations,Central and state GST officials started door-to-door physical verification of addresses before initiating any action. On receipt of data from GSTN, a time-bound exercise of verification of the suspicious GSTINs was done and if after detailed verification, it was found that the taxpayer was non-existent and fictitious, then the tax officer will initiate action for
suspension and cancellation of the registration. In many cases, officials found forged electricity bills, property tax receipts and rent agreements were used as proof of principal place of business to obtain
GST registration.
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