Business

Aadhaar compulsory for new dealers from January

Updated : September 16, 2019 06:55 AM IST

Verification of Aadhaar would be compulsory for new dealers from January 2020 to curb malpractices in paying goods and services tax, said GST Network's group of ministers' chairman Sushil Kumar Modi.

The GST Network has also decided to complete online refunding from September 24 from the central GST or the state GST.

The next GST Council meeting will be held at Panaji in Goa on September 20.

Verification of Aadhaar would be compulsory for new dealers from January 2020 to curb malpractices in paying goods and services tax, said GST Network's group of ministers' chairman Sushil Kumar Modi.

"All new dealers will have to submit their Aadhaar number for authentication from January 1. Though currently optional, it has been made mandatory from the New Year (2020) to curb fake invoices that came to light after the new tax regime came into being from July 1, 2017," Modi told reporters in Bengaluru after a meeting of the group on Saturday.

Modi is also the deputy chief minister in the Janata Dal-United (JD-U)-Bharatiya Janata Party coalition government in Bihar.

The GST Network has also decided to complete online refunding from September 24 from the central GST or the state GST.

"We have also decided to unveil the simplified new returns system from January 1," said Modi on the occasion.

The next GST Council meeting will be held at Panaji in Goa on September 20.

Aadhaar compulsory for new dealers from January

You May Also Like

This mid-cap pharma stock turned Rs 1,00,000 to Rs 3,17,000 in just four months

This Tata Group company stock has risen almost 150% in 4 months

Punjab & Sind Bank Q1 net loss widens to Rs 117 crore on bad loans

Trending on CNBC-TV18

recommended for you