New Delhi: FM Nirmala Sitharaman Asked officials on Monday to ensure clarity on classification issues imposing GST And asked him to look into this issue as soon as possible.
The statement at the national conference of enforcement heads of state and central GST structures comes amid several instances where the classification of a product has created problems for taxpayers, given that there are at least four slabs and the levy on bread pertains to There are issues. and Paratha, which resulted in legal cases.
While the GST Council had discussed rationalizing the rates, the Center and states have refrained from tinkering with it immediately and have put the ball in the court of the Group of Ministers. At the conference, Sitharaman asked officials to engage to understand the concerns of stakeholders, enhance compliance, streamline processes and work collaboratively towards making the tax system more transparent and efficient, an official statement said. Also said.
During his address, Revenue Secretary Sanjay Malhotra outlined the key priorities – targeting high-risk sectors, tackling tax evaders, balancing enforcement with taxpayers’ rights, strengthening cooperation between central and state authorities. and collect feedback.
Central Board of Indirect Taxes and Customs Chairman Sanjay Kumar Agarwal highlighted the importance of use of robust data analytics and technology and the need to stay ahead of perpetrators of GST evasion, while also saying that fake entities pose a threat to the system. .
The nationwide crackdown on fake registrations and fake billing, launched in May, has so far helped detect evasion of input tax credit worth Rs 49,623 crore linked to 31,512 fake firms. ITC evasion since 2000 has been estimated at Rs 1,14,755 crore.
States like Maharashtra highlighted how the real-time monitoring dashboard of suspected non-genuine taxpayers had helped identify 41,600 such entities. Similarly, Gujarat reported that GST Seva Kendras were helping reduce fake registrations.
The statement at the national conference of enforcement heads of state and central GST structures comes amid several instances where the classification of a product has created problems for taxpayers, given that there are at least four slabs and the levy on bread pertains to There are issues. and Paratha, which resulted in legal cases.
While the GST Council had discussed rationalizing the rates, the Center and states have refrained from tinkering with it immediately and have put the ball in the court of the Group of Ministers. At the conference, Sitharaman asked officials to engage to understand the concerns of stakeholders, enhance compliance, streamline processes and work collaboratively towards making the tax system more transparent and efficient, an official statement said. Also said.
During his address, Revenue Secretary Sanjay Malhotra outlined the key priorities – targeting high-risk sectors, tackling tax evaders, balancing enforcement with taxpayers’ rights, strengthening cooperation between central and state authorities. and collect feedback.
Central Board of Indirect Taxes and Customs Chairman Sanjay Kumar Agarwal highlighted the importance of use of robust data analytics and technology and the need to stay ahead of perpetrators of GST evasion, while also saying that fake entities pose a threat to the system. .
The nationwide crackdown on fake registrations and fake billing, launched in May, has so far helped detect evasion of input tax credit worth Rs 49,623 crore linked to 31,512 fake firms. ITC evasion since 2000 has been estimated at Rs 1,14,755 crore.
States like Maharashtra highlighted how the real-time monitoring dashboard of suspected non-genuine taxpayers had helped identify 41,600 such entities. Similarly, Gujarat reported that GST Seva Kendras were helping reduce fake registrations.