Revenue Secretary, Tax Commissioners To Meet On Streamlining GST System

To streamline Goods and Service Tax (GST) system and refunds, enhance GST compliance and discourage tax evaders, commissioners of state tax and chief commissioners of central tax are scheduled to hold a daylong brainstorming session, under the chairmanship of Revenue Secretary Ajay Bhushan Pandey, in New Delhi on 7 January.

GST collections crossed the ₹1 trillion mark for the second consecutive month in December but missed the target of ₹1.1 trillion for the month set by the finance ministry. The central government has beefed up efforts to boost GST revenue collections as both tax and non-tax revenue collections so far this fiscal have been well below expectation.

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Discussions in the meeting would focus on the road ahead with e-invoicing, new return system and feedback, e-way bill linking with FASTag, pendency of refunds, linkage of Aadhaar to GST registration and the QR code. “A detailed review of further use of data analytics and artificial intelligence in the process of enforcement and red-flagging the tax evaders and fake refund claimants would also be taken up to augment revenue and better compliance without overreach,” a finance ministry official said on condition of anonymity.

Source: livemint

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