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With GST collections falling below estimates, the revenue authorities plan to initiate targeted action against those not paying taxes.
GST collections for the month of November was ₹97,632 crore, which meant six out of eight months of the current fiscal recorded below ₹1-lakh crore collection. In the first eight months (April-November), the government has mopped up over ₹7.76 lakh crore. The 2018-19 Budget had estimated annual GST collection at ₹13.48 lakh crore, which meant a monthly target of ₹1.12 lakh crore.
“So far as plugging leakages are concerned we already have GSTR 3B and 1. And we are receiving certain info. We are contacting those tax payers and having them reconciled. Our whole idea is we only do a targeted action and only those who are not paying taxes,” Revenue Secretary Ajay Bhushan Pandey told reporters at the sideline of DRI Foundation Day Celebration here on Tuesday. Less than targeted collection means more challenge for keeping the fiscal deficit within the Budget Estimate of 3.3 per cent (of GDP), but the government is hopeful of mobilising more during the remaining period of the current fiscal.
“We are short by ₹4,000 crore this month (November). To arrive at any conclusion we have to have some more months’ data. But we are confident that we will be able to achieve our target. Our monthly target is around ₹1 lakh crore. This we want to increase to ₹1.10 lakh crore,” Pandey said.
He also said that the plan is to introduce new and simplified GST return form from April 1. “The GST has to be taxpayer friendly. With the current environment of IT, tax payer will soon have simple returns, refund process is being streamlined. We are going to make it completely online,” Pandey said adding that the GST Council will meet this month.
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