City
Epaper

Taxmen told to scan GST, I-T returns to trace tax-evaders

By IANS | Updated: December 20, 2019 20:30 IST

Directing tax officials to ensure no tax-evader go scot free, the government has directed them to match GST data and income tax (I-T) returns of the taxpayers to scale up scrutiny.

Open in App

In its drive to mop up the maximum revenue in the remaining months of the current fiscal, the government has also asked tax officials to advise various entities to pay taxes before a notice from the department reaches them.

"The officials were told to get into a campaign mode to recover past dues," an official said.

In a high-level meeting, tax officers were on Friday exhorted to achieve targets for both direct taxes and GST.

A Finance Ministry source said that while total GST collection target in the remaining period of the fiscal 2019-20 is Rs 4.55 lakh crore, the annual direct tax collection target remains fixed at Rs 13.5 lakh crore.

"Direction were given to officers to put forward special efforts to identify and book tax evaders through data analytics and information sharing between direct and indirect tax departments," an official source said.

The high-level meeting was chaired by Revenue Secretary Ajay Bhushan Pandey and attended by GST officials and board members of Central Board of Direct Taxes (CBDT) and Central Board of Indirect taxes and Customs (CBIC).

In an attempt to prevent tax evasion, the GST Council in its meeting on Wednesday lowered the limit to input tax credit (ITC) outgo from 20 per cent to 10 per cent before invoices are uploaded on the GST systems.

The GST officials have been directed to initiate stern actions against willful tax evaders and those using fake invoices or fake E-way bills.

( With inputs from IANS )

Tags: Ajay Bhushan PandeyFinance Ministry
Open in App

Related Stories

National'Pranab Mukherjee Asked Me Not To...': Mallya Defends Kingfisher Collapse, Blames 2008 Govt Pressure to Keep Airline Afloat

National'If I Defrauded Banks, How Was ₹14,000 Cr Recovered?': Vijay Mallya Says He Always Intended to Repay the Loan

BusinessUPI Transactions Above Rs 2,000 Remain GST-Free Due to Zero MDR Charges

TechnologyFinance Ministry Urges Employees To Avoid Using ChatGPT, DeepSeek for Official Work

BusinessFinance Ministry Urges Employees To Avoid Using ChatGPT, DeepSeek for Official Work

कारोबार Realted Stories

BusinessTaiwan to face economic risk as US mulls semiconductor tariffs under Trump proposal: Think tank

BusinessPiyush Goyal meets steel, engineering sector leaders to boost competitiveness and global role

BusinessIndiGo bans passenger for slapping co-traveller on Mumbai-Kolkata flight

BusinessED Makes First Arrest in Rs 3,000-Crore Anil Ambani Loan Fraud Case

BusinessMahindra & Mahindra buys 59 pc stake in SML Isuzu for Rs 555 crore