The second meet of the group of ministers GoM on the system reforms addressed via Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar would be decided to build 7 suggestions to the GST official.
The same engaged the use of the biometric system to control GST theft, physical inspection of the office space of the businesses, and creating electricity connection number compulsory on enrolling for GSTN and certification of assessee’s bank accounts from National Payments Corporation of India (NPCI).
The measures suggested to the GST official are creating the feedback process to examine the misconduct of bogus businesses. The same indeed suggested examining the physical verification of businesses during enrollment time.
Haryana Deputy CM Dushyant Chautala, Tamil Nadu’s Finance Minister Dr Palanivel Thiagarajan, and Assam’s Finance Minister Ajanta Neog were also present in the meeting and talks about the measures to simplify the GST system for the officials and taxpayers.
“The mechanism of GST system is being constantly upgraded to ensure better service ever since it was launched. While Information and Technology should be used to put an end to the tax theft, it should also be used to extend simple and non-glitchy service to the customers,”
Mr Pawar mentioned that the utilization of checks and balance systems for the income tax systems shall direct to control the GST bogus.
The GoM has suggested the physical verification of the enrollment process of business, heave a quick glance at this.
The ITC theft is done by fake registrations and if the GST registration process becomes tougher than earlier, it would be beneficial for the department as well as the citizens. The physical verification after doing at the time of enrollment and visiting the premises will be the best way to curb the ITC theft done by the miscreant’s businesses.
