Officers’ Panel Soon to Identify Sources of GST Evasion

The group ministers (GoM) tasked with goods and services tax (GST) system reforms will form subcommittee of officers to identify potential sources of evasion and suggest changes in business processes and IT systems to plug revenue leakage.

“It has been decided that the officers’ committee will give its recommendations within a month, following which the GoM will consider it and give its final recommendations,” a person aware of the development said on condition of anonymity. The decision was taken at a meeting of the GoM held last week.

Since The GoM’s terms of reference involve giving suggestions to improve the GST system on a long-term and continuous on a long-term and continuous basis, the committee will give recommendations periodically and on an ongoing basis, said the person.

The GoM on GST system reforms was formed after the GST Council meeting held in September. The panel is headed by Maharashtra deputy chief minister Ajit Pawar and includes Delhi deputy CM Manish Sisodia, Tamil Nadu finance minister Palanivel Thiaga Rajan and Chhattisgarh commercial tax minister TS Singh Deo. S-ET

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *