(Video) Rajya Sabha TV (RSTV) The Big Picture: Government Appointed a GST Review Committee

(Video) Rajya Sabha TV (RSTV) The Big Picture: Government Appointed a GST Review Committee

Topic: Government Appointed a GST Review Committee

Guest:

  • Abhinav Prakash, (Assistant Professor, University of Delhi)
  • Sunil Jain, (Managing Editor, Financial Express)
  • Sushil Chandra Tripathi, (Former Principal Secretary, Finance, Uttar Pradesh)

Topic Description:

The government on Thursday appointed a committee to recommend measures to augment Goods and Services Tax collections, check evasion and make the new regime simpler for ease of compliance that would eventually help in expanding the tax base. “With the approval of the competent authority, it has been decided that a committee of officers be constituted to suggest measures to augment GST revenue,” an order issued by the GST Council secretariat stated. The committee has also been asked to look into systemic changes, including checks and balances to prevent misuse. One of the terms of reference is for the committee to suggest measures to improve voluntary compliance. Its mandate is also to suggest measures to expand the tax base and to improve compliance monitoring and anti-evasion measures using better data analytics. The panel has members from both the Centre and states. GST commissioners of Maharashtra, Tamil Nadu, Uttar Pradesh, West Bengal and Punjab are members of the committee. The central government is represented by principal commissioner and joint secretaries, among others.

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Courtesy: RSTV




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