{"id":28795,"date":"2022-07-07T16:03:54","date_gmt":"2022-07-07T10:33:54","guid":{"rendered":"https:\/\/plyinsight.com\/?p=28795"},"modified":"2022-08-12T13:06:23","modified_gmt":"2022-08-12T07:36:23","slug":"preparing-gst-to-plug-revenue-leakages","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/preparing-gst-to-plug-revenue-leakages\/","title":{"rendered":"Preparing GST to plug revenue leakages"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>The Goods and Services Tax (GST) Council\u2019s decision to bring unbranded packaged consumer items within the GST net is meant to plug revenue leakages and reduce disputes, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri has said.<\/p>\n<p>The CBIC chairman said the decisions taken by the Council would build a robust tax system without being intrusive.<strong>\u201cAll these steps are improvements towards making the tax system more transparent and for increasing revenue productivity. If you go through the fine print, it provides relief to taxpayers in terms of compliance. So, the whole idea is to improve the systems by making them as simple as possible. When we do that, we also want to make life easier for honest taxpayers,\u201d<\/strong> he added.<\/p>\n<p>On the decision to reform GST system, Johri said it would bring down cases of fake invoices and other GST frauds, and also help in eradicating black money generation.<\/p>\n<p>The Centre, with support from the states, has so far detected input tax credit fraud of \u0930\u0941 50,000 crore under its enforcement drive launched in November 2020, \u201cWe\u2019ve done a multi-pronged attack to track down errant taxpayers. Early this year we mandated sequential filing of GST returns. That takes away the incentive to go for fake billing as this thrives on a long time period. If that window is reduced, the incentive to do that goes down,\u201d he said.<\/p>\n<p>Joshi said that<strong> \u201cWe are triangulating data between GST and customs and income tax. That itself is a wealth of data, which we are using in the best possible manner for risk profiling. Besides, GSTN is also exchanging data with the Ministry of Corporate Affairs (MCA), particularly when it comes to new generation to match where the companies seeking registration are in the ministry\u2019s database. We are also exchanging databases with the UIDAI for Aadhaar related data.&#8221;<\/strong><\/p>\n<p>Johri said the suggestion by the group of ministers on information technology reforms would be effective for risk profiling.<strong> \u201cOne, there will be use of artificial intelligence and machine learning for risk profiling of new taxpayers. Second, the ingestion of electricity meter data into the GST system will ensure that any new person who\u2019s asking for registration actually physically exists at that location. Another one is geo-tagging of location. So I think all three will help us improve the GST systems and also assess whether the taxpayers who is entering the system is actually a physical entity and is not there just to raise fake invoices,\u201d<\/strong> he explained.<\/p>\n<hr \/>\n<h2 style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>\u091c\u0940\u090f\u0938\u091f\u0940 \u092e\u0947\u0902 \u0930\u093e\u091c\u0938\u094d\u0935 \u0930\u093f\u0938\u093e\u0935 \u0930\u094b\u0915\u0928\u0947 \u0915\u0940 \u0915\u0935\u093e\u092f\u0926<br \/>\n<\/strong><\/span><\/h2>\n<hr \/>\n<p>\u0915\u0947\u0902\u0926\u094d\u0930\u0940\u092f \u0905\u092a\u094d\u0930\u0924\u094d\u092f\u0915\u094d\u0937 \u0915\u0930 \u092c\u094b\u0930\u094d\u0921 (\u0938\u0940\u092c\u0940\u0906\u0908\u0938\u0940) \u0915\u0947 \u091a\u0947\u092f\u0930\u092e\u0948\u0928 \u0935\u093f\u0935\u0947\u0915 \u091c\u094c\u0939\u0930\u0940 \u0928\u0947 \u0906\u091c \u0915\u0939\u093e \u0915\u093f \u0935\u0938\u094d\u0924\u0941 \u090f\u0935\u0902 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\u0928\u0939\u0940\u0902 \u092c\u0928\u093e \u0930\u0939\u093e \u0939\u0948.&#8217;<\/strong><\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-27741\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Magnus-Plywood-300x138.png\" alt=\"\" width=\"102\" height=\"47\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Magnus-Plywood-300x138.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Magnus-Plywood-768x353.png 768w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Magnus-Plywood.png 943w\" sizes=\"auto, (max-width: 102px) 100vw, 102px\" \/> \u00a0 <img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17630\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/DUNA-298x300.png\" alt=\"DUNA\" width=\"71\" height=\"71\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/DUNA-298x300.png 298w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/DUNA-150x150.png 150w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/DUNA-12x12.png 12w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/DUNA.png 467w\" sizes=\"auto, (max-width: 71px) 100vw, 71px\" \/><\/p>\n<hr \/>\n<hr \/>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_video_widget wpb_content_element vc_clearfix   vc_video-aspect-ratio-169 vc_video-el-width-100 vc_video-align-left\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<h2 class=\"wpb_heading wpb_video_heading\">Role of Quality Planting Materials (QPM) in Agroforestry for Wood Based Panel Products<\/h2>\n\t\t\t<div class=\"wpb_video_wrapper\"><iframe loading=\"lazy\" title=\"Role of Quality Planting Materials (QPM) in Agroforestry for Wood Based Panel Products\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Ec0CyS5s4Gg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"The Goods and Services Tax (GST) Council\u2019s decision to bring unbranded packaged consumer items within the GST net is meant to plug revenue leakages and reduce disputes, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri has said. The CBIC chairman said the decisions taken by the Council would build a robust tax [...]","protected":false},"author":1,"featured_media":28802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3179],"tags":[1431,3008,250,3006,2999,3011,2953,3009,3010,3007],"class_list":["post-28795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-august-news-2022","tag-cbic","tag-cbic-chairman","tag-gst","tag-gst-bill","tag-gst-collection","tag-gst-return","tag-gst-system","tag-reform-gst","tag-uidai","tag-vivek-johri"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Preparing GST to plug revenue leakages - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/preparing-gst-to-plug-revenue-leakages\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preparing GST to plug revenue leakages - 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