Punjab Finance Minister, Harpal Singh Cheema, introduced the State Intelligence and Preventive Unit (SIPU), and the Goods and Services Tax (GST) Prime on April 13. It is an analytical tool for State GST officers to examine and track the collection of tax and compliance under their authority.
The introduced system carries out the demands of the field level as well as the enforcement and intelligence offices to recognize frauds and tax evaders.
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Mr Cheema pointed to the launch event by stating that three new State Intelligence and Preventive Units (SIPUs) had been created in addition to the existing seven mobile wings of the taxation department in Amritsar, Bathinda, Fazilka, Shambu in Patiala, Ludhiana, and Jalandhar which had now been changed to SIPUs.
He also talked about the launching of three new SIPUs, the Central Unit at the Patiala headquarters, Madhopur in Pathankot, and Mohali. The Tax Intelligence Unit, Patiala, and the Central Unit will work in cooperation.
The Finance Minister mentioned that GST Prime will boost taxpayer compliance and tax tracking for authorities as one of its key features.
He said that you could describe the system as an interface between tax administrators, the GST Common Portal, and E-way Bill Systems.
The taxation department’s actions, according to the finance minister, are to ensure effective tax compliance, find out major defaulters, keep taxpayer information readily available, identify taxpayers for audit, and conduct inspections to look for fraud.
