If you share your Aadhaar or PAN details with anyone without any specific reason or valid region, then by doing so you are putting yourself in trouble. Some fraudsters use this to evade GST.
Aadhar and PAN card are very important documents in today’s time. They are used from bank accounts to many other places. On one hand, while the work related to the bank has become easier with them, there are reports of their misuse.
If you share your Aadhaar or PAN details with anyone without any specific reason or valid region, then by doing so you are putting yourself in trouble. Both of your documents may be misused. Fraudsters can use these details for GST evasion.
Aadhar-PAN card is being used in GST evasion
The Central Board of Indirect Taxes and Customs (CBIC) has advised people in this regard. The Central Board of Indirect Taxes and Customs (CBIC) has cautioned people that sharing Aadhaar and PAN details without valid reason or any monetary benefit can be misused by fraudsters for GST evasion.
According to the news, CBIC said in a tweet that Aadhaar and PAN details can be used to create fake entities for GST evasion. That’s why people should avoid sharing them without any valid reason.
Protect your personal data which may be used for creating fake entities in GST for evasion of taxes.#GST pic.twitter.com/pUvArdYgzs
— CBIC (@cbic_india) March 3, 2022
CBIC gave information on Twitter
CBIC gave its jamkari on Twitter. CBIC said that keep your personal data and details safe, which can be misused to create fake entities for GST evasion. In the past year, Goods and Services Tax (GST) officials busted several bogus companies that were used to fraudulently claim Input Tax Credit (ITC) by creating fake invoices without actual supply of goods.
Fraud has happened with many users
Along with this, many fraud cases related to the bank using the Aadhar card incorrectly have also come to the fore. Even in Aadhaar based transactions, many users have been cheated till now. Banks always keep alerting their customers about this that do not share any of your personal details with anyone.
