Economy

PMO reviewed GST collection issues with States

Our Bureau New Delhi | Updated on October 12, 2019 Published on October 12, 2019

The Prime Minister office (PMO) on Friday reviewed revenue position especially GST collection with Finance Ministry officials and with State Governments.

According to sources, it was agreed to increase compliance and cash tax receipts. It was suggested that tax authority will follow up with red flags more diligently to curb tax evasion. Various tax returns to be matched to look for tax evasion. Sources also said that input tax credit, in case of details not submitted, could be lowered from 20 per cent, so that there will be curb on fake invoices.

This meeting took place at a time when GST collection slipped to nearly are Rs 92,000 crore, which shows de-growth in comparison to corresponding period of last year. It is also lowest after February 2018.

Published on October 12, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.