Government constitutes panel to suggest measures to augment GST revenue

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October 10, 2019 2:44 PM

The terms of reference of the panel include making suggestions about systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance.

GST, GST revenue, GST revenue collections, GST Council Secretariat, GST tax base“The committee shall submit its first report within 15 days to the GST Council Secretariat,” it added.

The government has constituted a committee of officers to suggest measures to augment GST revenue collections and administration. “The committee should consider a wide range of reforms so that a comprehensive list of suggestions may emerge,” an official order said.

The terms of reference of the panel include making suggestions about systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance. Also, it has been tasked to give inputs on measures for the expansion of the tax base.

Also read: Will India’s GDP ever grow at 8% or above? Moody’s has lowered chances; here’s why

Policy measures and relevant changes needed in the law, improved compliance monitoring and anti-evasion measures using better data analytics and better administrative coordination also form part of its terms of reference, the order said. “The committee shall submit its first report within 15 days to the GST Council Secretariat,” it added.

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