Aadhaar must for GST refund
The government has made Aadhaar authentication of taxpayers mandatory for claiming GST refund. The move is part of the government’s anti-evasion measures.
The Central Board of Indirect Taxes and Customs (CBIC) has amended GST rules bringing in various anti-evasion measures, including disbursal of GST refunds only in the bank account, which is linked with the same PAN on which the Goods and Services Tax (GST) registration has been obtained.
“The move will help in reducing cases of fraudulent refunds as only the verified taxpayers will obtain the refunds now,” said EY Tax Partner Abhishek Jain.