Modi govt in a huddle over poor GST collections

Modi govt in a huddle over poor GST collections

Modi govt in a huddle over poor GST collections

Amid considerations over retardation goods and services tax (GST) collections, the Central Board of Excise and Customs (CBEC) has sought-after elaborate field reports with a special concentrate on the top taxpayers.

Finance secretary Hasmukh Adhia will review the revenue position with senior in the within the department on Dec 9.

Field officers have been asked to submit an in-depth analysis comparing tax payments, before and after GST was imposed, of the top one hundred taxpayers in their jurisdictions as the government seeks to understand the reasons for collections deceleration. The officers are authorized to contact the assessees personally or even visit their premises.
India’s GST collections in Oct fell to Rs 83,346 crore from a high of over Rs 92,000 crore in Sept. Moreover, the Centre’s share has been low after payment of compensation cess to states. the entire central GST collection within the first four months of the new tax — July, August, Sept, and October — has been Rs 58,556 crore.

The government is trying to avoid any revenue deficit as it’s keen to stick to the fiscal deficit roadmap whereas nurturing an economic revival. The fiscal deficit was at 96 of its full-year target by the end of October.

Bubai Bhattacharjee

www.voiceofrepublic.com

leave a comment

Create Account



Log In Your Account



%d bloggers like this:
Skip to toolbar