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FM asks CBIC to begin automated GST return scrutiny by next week
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IANS | 30 Apr, 2023
Finance Minister Nirmala Sitharaman on Saturday directed the Central
Board of Indirect Taxes & Customs (CBIC) to introduce its automated
GST return scrutiny by next week, and to implement an action plan to
increase the taxpayer base through enhanced use of technology.
In a review meeting of the CBIC, she directed the board to intensify its drive against fake billing and input tax credit (ITC).
Sitharaman
desired that the CBIC may undertake a comprehensive root cause analysis
by studying the typology of cases already booked, and come up with
recommendations on technology-based solutions to address the menace and
prevent its occurrence.
The meeting was attended by the Revenue Secretary and CBIC Chairman as well as its members.
The
comprehensive review covered a variety of work areas, including trade
facilitation, taxpayer services, grievance redressal of the trade,
finalisation of disciplinary cases and infrastructure projects, and
progress of the upcoming Palasamudram campus of the National Academy of
Customs, Indirect Taxes & Narcotics (NACIN).
Sitharaman emphasised the need for continuously improving taxpayer services.
With
respect to grievance redressal, Sitharaman desired that in each zone,
interaction be organised with the members of trade and industry who are
part of the GST ecosystem to know their issues and suggestions, so as to
systematically identify matters for working out a redress for them.
She also directed to put in place a system to take feedback on grievances redressed so as to improve the quality of redressal.
In
the course of review, the Finance Minister was briefed on the final
revenue achievement in total indirect tax collections for 2022-23, which
stood at Rs 13.82 lakh crore as against Rs 12.89 lakh crore in 2021-22.
On
the GST side, the average gross monthly collection for the year 2022-23
stood at Rs 1.51 lakh crore, while monthly GST revenue collections
exceeded Rs 1.4 lakh crore for 12 months in a row.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
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53.40 |
| As on 12 Oct, 2024 |
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