The state has been using artificial intelligence (AI) to identify tax evaders and will take strong action against them, cited Tripura Chief Minister Manik Saha.
“Of the state’s annual budget of Rs 27,800 crore in the 2024-25 financial year, its own revenue stands at Rs 3,700 crore. Only Rs 10,000 crore remained after meeting the non-plan expenditure- salary, pension, loan and interest of loan. The state needs to pay 25 per cent of its own revenue (Rs 3,700 crore) to Tripura Tribal Areas Autonomous District Council (TTAADC) and 10 per cent to Urban Local Bodies (ULBs),” he quoted.
The chief minister stressing more tax collection via preventing evasion mentioned the development is laid on the tax collection.
“If there is more tax, there will be more development. The government is taking all possible steps to collect taxes to ensure the building of more infrastructure. There have been instances of tax evasion through fake input tax credits and misuse of GST Analytics & Intelligence Network (GAIN). The tax department has introduced Artificial Intelligence to prevent misuse of the existing system,” he cited.
As people are essential partners in the state’s growth, the CM urged them to file their GST.
“Those who skip GST should be brought into the ambit because the fund is required to accelerate development and infrastructure building. Prime Minister Narendra Modi wants to see India become ‘Viksit Bharat’ by 2047. It will not be possible if we fail to make each state developed by 2047,” he stated.
Also, Saha cited the taxation system has been integrated post-introduction of GST and the department has begun using AI-enabled analytics tools to discover the tax evasion to take the required steps.
“The tax evaders will have to face the law if they continue with their old practice as the system has already been strengthened,” he remarked.
