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Govt introduces committee to look into GST revenue shortfall

Updated: Oct 10, 2019 11:41:50am
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Govt introduces committee to look into GST revenue shortfall

New Delhi, Oct 10 (KNN) The government on Thursday has set up a high-level committee of officers to look into revenue shortfall being faced by the states and accordingly suggest measures for augmenting collections.

"The committee of officers from the centre and the states is required to suggest steps to be taken to improve revenue," GST Council Secretariat notified on Thursday.

The 12-member panel, consisting of five members from Centre and States each, will submit its first report within 15 days to the GST Council Secretariat. The committee has Commissioners from state GST council of Maharashtra, Tamil Nadu, Uttar Pradesh, West Bengal, Punjab along with Joint Secretary & Executive VP of GST Council.

The committee has been asked to come with measures to boost GST collections, to make businesses comply with GST voluntarily, ways to better administrative coordination.

The committee will also look into issues such as systematic changes in GST to prevent misuse, measures for expansion of tax base, improved compliance monitoring and anti-evasion measures using better data analytics and better administrative coordination.

Apart from these, it will also suggest measures to improve voluntary compliance, policy measures and relevant changes in the law.

"Any other states which would like to join the committee may volunteer by writing to the GST Council Secretariat," GST Council stated. 

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