Cheema bats for GST reforms to benefit agrarian states like Punjab

Finance minister Harpal Singh Cheema on Friday emphasised the need to bring structural changes in the goods and service tax (GST) regime and proposed policy recommendations for revenue augmentation, including food grains under its framework, reducing or nullifying the inverted duty structure, and making e-way bill generation and e-invoicing mandatory.

- HT Correspondent

Presenting a comprehensive overview of Punjab’s revenue generation during the first meeting of the group of ministers (GoM) on ‘Analysis of Revenue from GST’ held in New Delhi, Cheema also suggested that a unified platform can be developed, giving access to all states and the Central Tax Authority for data analytics and detecting tax evasion and compliance issues. He also flagged the revenue loss the state faced due to the subsumption of various taxes following the implementation of GST in 2017.