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GST officers meet to discuss ways to curb evasion, ITC fraud
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SME Times News Bureau | | 02 Jan, 2020
Close on the heels of GST Council meeting where states pressed for
better compliance to augment collection instead of raising rates, the
Revenue Department will hold a brainstorming session of central and
state GST officers on January 7 to discuss measures to curb evasion and
fraud in input tax credit (ITC).
"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, enforcement module use without overreach
and the QR code," a Finance Ministry source said.
A detailed
review of 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.
Senior officers from the Central
Board of Indirect Taxes (CBDT), the Central Board of Indirect Taxes and
Customs (CBIC), the Financial Intelligence Unit (FIU), the DGARM,
Systems and GSTN officials would attend the high-level meeting.
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US Dollar
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