Steps soon to stop abuse of GST flexibility: Revenue secretary
Mint Mumbai|February 05, 2024
The government will take steps to prevent evasion of Goods and Services Tax (GST) by entities abusing the flexibility given to businesses to correct errors in transaction, revenue secretary Sanjay Malhotra said in an interview.
Gireesh Chandra Prasad
Steps soon to stop abuse of GST flexibility: Revenue secretary

This will be done by proper validation of transactions and claims without affecting genuine taxpayers. The move is part of efforts to ensure that tax revenue collection grows faster than economic growth rate in nominal terms.

The government will also integrate the IT platforms used by customs authorities and GST authorities for scaling up tax compliance using data analytics.

At present, each authority uses its own IT system.

The government predicted a revenue buoyancy of over one in the interim budget for FY25, implying faster tax revenue growth compared with the economic growth rate.

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