INSUBCONTINENT EXCLUSIVE:
Over the past years, Goods and Services Tax (GST) officers have busted several bogus firms.New Delhi: The CBIC on Thursday cautioned the
public against sharing Aadhaar and PAN details without a valid reason or for monetary gains, saying that the information could be misused by
fraudsters for GST evasion.In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said Aadhaar and PAN details can be used for
creating fake entities in GST for evasion of taxes and hence people should refrain from sharing these without a valid reason."Protect your
personal data which may be used for creating fake entities in GST for evasion of taxes," the CBIC tweeted.Over the past years, Goods and
Services Tax (GST) officers have busted several bogus firms, which were used to raise fake invoices without any actual supply of goods
The sole intention is to fraudulently claim input tax credit (ITC).
