Finance Secretary, CBIC chief discuss anti-GST evasion steps with zonal heads

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Finance Secretary Ajay Bhushan Pandey and CBIC Chairman M Ajit Kumar on Tuesday discussed with zonal chiefs measures to check GST evasion and plug revenue leakage.

“Finance Secretary, Chairman CBIC and Board Members held Video Conference with Zonal Chiefs. Discussions centered on ongoing anti evasion measures and action relating to CGST registrants displaying risky behaviour,” the Central Board of Indirect Taxes and Customs (CBIC) tweeted.

The meeting discussed the need for coordinated action to check revenue leakage, it added.

The GST law committee, comprising central and state tax officers, had last week suggested suspension of the first lot of riskier traders and identification of such taxpayers on the basis of significant criteria, including non-filing of returns for six months.

There are about 6 lakh dormant registrants in GST.

There were about 35,000 dealers who were given registration in 2018-19 and 2019-20, having GST liability of more than Rs 50 lakh (yearly), but more than 99 per cent tax paid through ITC and have no credentials in income tax (did not pay income tax even of Rs 1 lakh in last three years), sources said.

Source from: https://www.financialexpress.com/economy/finance-secretary-cbic-chief-discuss-anti-gst-evasion-steps-with-zonal-heads/2135699/

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