Govt constitutes panel to suggest measures to augment GST revenue

October 10, 2019 02:46 pm | Updated 06:22 pm IST - New Delhi

A trader shows the letters GST representing “Goods and Services Tax” at his shop in Hyderabad. File

A trader shows the letters GST representing “Goods and Services Tax” at his shop in Hyderabad. File

The government has constituted a committee of officers to suggest measures to augment GST revenue collections and administration.

“The committee should consider a wide range of reforms so that a comprehensive list of suggestions may emerge,” an official order said.

The terms of reference of the panel include making suggestions about systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance.

Also, it has been tasked to give inputs on measures for the expansion of the tax base. Policy measures and relevant changes needed in the law, improved compliance monitoring and anti-evasion measures using better data analytics and better administrative coordination also form part of its terms of reference, the order said.

“The committee shall submit its first report within 15 days to the GST Council Secretariat,” it added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.