the GST Council has set up a committee of Central and State tax officers to look into a “wide range of reforms” to boost Goods and Services Tax (GST) revenue collection.
About:
Background: This development took place ten days after the collection for the month of September was found to dip to ₹91,916 crore, the lowest after February 2018. The Government has set a target of collecting over ₹1 lakh crore every month during the current fiscal.
Membership:
Officers from the Centre will include Joint Secretary (Revenue), Principal Commissioner (GST PW), Joint Secretary (Tax Research Unit), Additional Director General (ARM) and Additional Director General (Systems).
SGST (State Goods & Services Tax) Commissioner from Maharashtra, Tamil Nadu, Uttar Pradesh, West Bengal and Punjab will represent the States. Any other State could also join the committee on a voluntary basis.
Areas to be considered by the committee include: Changes in GST including checks and balances to prevent misuse, measures to improve voluntary compliance, measures for expansion of tax base and anti-evasion measures using better data analytics and better administrative coordination.
Timeline: The panel has been asked to submit the report within 15 days.
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