Revenue Secretary Ajay Bhushan Pandey can meet with tax commissioners on the 7th of this month. In this meeting, discussions will be held on rationalizing the GST system and tackling the challenges arising due to fraud. Sources told news agency PTI that the meeting could be held with state tax commissioners and chief commissioners of central tax. In this meeting, issues of e-invoicing, new return system, and feedback, e-way bill linking with Fastag, delay in refund, linking GST registration to Aadhaar, etc. will be discussed in this meeting.
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According to the sources, this meeting will prevent fraud and tax evasion, details of their bank accounts to match the information submitted by companies, prohibit claiming fake or large input tax credits, prevent misuse of refunds and Issues such as measures to increase GST revenue will also be discussed. According to sources, in this meeting, more information can also be discussed on data analysis and the use of AI to get information about tax evaders and increase revenue.
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This meeting is also important because in the last meeting of the GST Council held on December 18, these issues were asked to study in detail. Only after this study, the Council will decide whether to increase the tax rate on various products. It is being told that the GST collection in December is Rs 1.03 lakh crore. This is the second consecutive month when the GST collection has been more than Rs 1 lakh crore.
