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Improving revenue collection to figure in GST meet today
Mint Mumbai
|July 11, 2023
A string of changes to rules and procedures seeking to improve the efficiency of the goods and services tax system and to step up tax collections will be in focus at Tuesday's GST Council meeting, according to a person informed about discussions between Central and state governments.
The proposals will seek to ensure that businesses and traders do not take excessive tax credits for long, the process of tax recovery in certain cases is strengthened and that GST registration process is tightened, the person said.
One of the proposals is to introduce a new rule to block businesses from filing monthly sales return forms if they fail to adequately explain or pay up the excessive tax credits availed by them.
Cette histoire est tirée de l'édition July 11, 2023 de Mint Mumbai.
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