50 lakh new taxpayers, thanks to e-surveillance

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New Delhi | Published: June 18, 2016 6:27:48 AM

With the help of electronic surveillance, the government was able to add 50 lakh new taxpayers, which led to collection of Rs 7,000 crore...

With the help of electronic surveillance, the government was able to add 50 lakh new taxpayers, which led to collection of Rs 7,000 crore as taxes in the past two years, said Atulesh Jindal, chairman of Central Board of Direct Taxes (CBDT), on Friday.

Najib Shah, chairman of CBEC, said that the department’s preparedness for rolling out the Goods and Services Tax Bill (GST) has been discussed with the tax officials. “We are training our officers and sessions are held in all state capitals,” said Shah, adding that department is working towards the IT-enabled preparedness required to roll out the new tax regime.

The government is monitoring the high-value transactions across the country with the help of technology and matching them with the returns filed by tax payers. The e-data is sourced from banks, credit cards and property transactions among others, which helps to nab the tax evaders.

For the first time, the government held a joint conference — Gyan Sangam — of officers from the two revenue boards, Central Board of Direct Taxes and Central Board of Excise and Customs, in New Delhi. The strategies to expand the tax payer base, tax payer satisfaction, technology up gradation, black money and achieve the revenue collection targets have been broadly discussed in the two-day conference.

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