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GST Council may consider strict anti-evasion measures

GST Council may consider strict anti-evasion measures

While a much-awaited restructuring of the goods & services tax (GST) slabs to raise the revenue-neutral rate (RNR), from a little over 11% now to 15.5% could be delayed, the GST Council will likely consider enforcing a ministerial panel’s recommendations on data analytics to tighten compliance to augment revenues. “The recommendations are about checking leakages at various points, from point of production till consumption,” a member of the panel told FE.

The group of ministers (GoM) for system reforms led by Maharashtra deputy chief minister Ajit Pawar will submit its report to the Council ahead of a meeting of the body in end-April or early May, a senior official said. The GoM suggested analysis of e-way data, income tax and National Payments Corporation of India (NPCI) of taxpayers, etc, the GoM member said.

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