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NEWS

Aadhaar Authentication Mandatory For New Dealers

Karan Sharma Karan Sharma 23 September 2019
5.0 (5 votes)

New dealers will be subjected to mandatory Aadhaar verification from January 2020.

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The GST council, in its latest endeavour to curb corruption and malpractices, has decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020.

Reportedly, the deputy chief minister of Bihar, Sushil Kumar Modi, Head, GST Network, stated, “Aadhaar authentication of new dealers will be mandatory. Earlier it was optional. But we have noticed in two years that there's a good number of fly-by-night operators. They make fake invoices." In addition, he also stated that the new simplified return system may be launched on 1st January 2020.

Since refunding is a time consuming process, the GSTN has decided to complete online refunding from September 24th from a single source. The process can be either done by the Central GST or State GST. For dealers who do not want Aadhaar authentication, they will be subjected to on-site physical verification, which will be completed in three days.

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5.0 (5 votes)
Karan Sharma
Written by Karan Sharma
Content Specialist and Strategist, foolishly creative and always ready for a game of 'Call of Duty'.