Mysuru, Feb 26(uni) GST Commissionerate, Mysuru, Central Excise Joint Commissioner Sundara Raju said that through GST, across the country, the government has collected Rs 94,000 Cr monthly. Speaking at a Conference on ‘Digital Transformation in Finance and Taxation’ organised by Confederation of Indian Industry, Mysuru chapter on Tuesday, he said through implementation of GST, the filing of returns have been simplified.
GST has come to reduce the tax rates and the processing of registration returns has been simplified. In this scenario so many issues have come to picture particularly fake invoices and cautioned the industry to have their KYC norms in place to ensure they are dealing with Genuine vendors. He also said that, around 20,000 crore fake invoices have been detected across the country. And GSTN System helping them to trace these revenue leakages.