{"id":26052,"date":"2019-10-29T18:20:18","date_gmt":"2019-10-29T12:50:18","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=26052"},"modified":"2023-03-16T13:50:28","modified_gmt":"2023-03-16T08:20:28","slug":"drop-in-gst-collection","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/drop-in-gst-collection\/","title":{"rendered":"Drop in GST Collection: Government to Track Down Defaulters"},"content":{"rendered":"

A Committee has been set-up to discuss different ways of tracking down GST defaulters to boost GST collection<\/strong>. In September there has been a decline of 2.67% in GST collection as compared to last year’s collection during the month of September. <\/p>\n\n\n\n

In September, GST collection dropped down below Rs 1 lakh crore mark to Rs 91,916 crore. September collection is believed to be the lowest in the last 19 months. The Union Government has been making continuous efforts to curb tax evasions to increase revenue collections. <\/p>\n\n\n\n

A committee has been set-up to suggest measures for growing revenue collections and submit the report to the GST Council Secretariat within 15 days. The committee will also use fraud detection software to identify the defaulters. <\/p>\n\n\n\n

Mr, Ajay Bhushan Pandey, Revenue Secretary will also\nbe the part of the committee comprising of 12 members from both centre and\nstate governments. The committee will check into the government’s lenient approach\nduring the implementation of GST. The Government\nneeds over Rs 1 lakh crore to meet its fiscal target <\/strong>and also to not\ncompensate states for losses. <\/p>\n\n\n\n

Use of Fraud Detection Software to Increase GST Collection<\/h2>\n\n\n\n

The Committee will have access to a large amount of\ndata from the last two years on taxpayers compliance and revenues. To mark out\ndefaulters, the committee will use the data analytics and hence actions will be\ntaken against the defaulters pointed out by the software. Furthermore, the\ncommittee will explore new ways to increase tax collections and widen the tax\nbase without increasing tax.<\/p>\n\n\n\n

Reasons Behind Drop in GST Collection<\/h2>\n\n\n\n

The two main reasons responsible for lesser GST collections are the fake claims of ITC (Input Tax Credit) and tax evasion. CBIC (Central Board of Indirect Taxes and Customs)<\/strong>[1]<\/strong><\/a><\/sup> recently issued a notification regarding restriction on claiming provisional ITC, where a taxpayer cannot avail more than 20% of tax credit available in GSTR-2A on a provisional basis<\/a>. The government took this step to curb the ITC fraud that takes place under the name of genuine ITC.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

Indirect Tax Authorities have started comparing the sales reported by businesses under GST with what they have reported to the income tax authorities to track down the mismatches. The Implementation of the new GST system from April 2020 and the e-invoice system from January 2020 will boost the GST collection by keeping a check on tax evasion. The Union Government has been making continuous efforts to curb tax evasions and make GST more revenue efficient.<\/p>\n\n\n\n

Also Read:<\/strong> Government Expected to Impose GST on Brand Names and Logos<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Committee has been set-up to discuss different ways of tracking down GST defaulters to boost GST collection. In September there has been a decline of 2.67% in GST collection as compared to last year’s collection during the month of September. In September, GST collection dropped down below Rs 1 lakh crore mark to Rs […]<\/p>\n","protected":false},"author":26,"featured_media":26053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2560],"tags":[],"acf":{"service_id":"104"},"yoast_head":"\nDrop in GST collection: Government to Track Down Defaulters - Enterslice<\/title>\n<meta name=\"description\" content=\"In September there has been a decline of 2.67% in GST collection as compared to last year's collection in September.Steps being taken to curb tax evasion.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/drop-in-gst-collection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drop in GST collection: Government to Track Down Defaulters - Enterslice\" \/>\n<meta property=\"og:description\" content=\"In September there has been a decline of 2.67% in GST collection as compared to last year's collection in September.Steps being taken to curb tax evasion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/drop-in-gst-collection\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-29T12:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-16T08:20:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/10\/Drop-in-GST-Collection.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Shubham Chauhan","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/10\/IMG_20191011_160437__01.jpg","authorDescription":"A passionate legal content writer, a nature enthusiast, an avid reader, and a part-time thinker. By means of conducting in-depth research on industry related topics, Shubham often builds flawless and intelligible legal content for populace from all walks of life.","postViews":456,"readingTime":2,"nextPost":{"id":26071,"slug":"sebi-to-regulate-abrupt-resignation-of-auditors"},"prevPost":{"id":25926,"slug":"implications-and-restriction-prescribed-under-section-119"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/10\/Drop-in-GST-Collection.jpg","postTerms":"GST Returns","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/26052"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=26052"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/26052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/26053"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=26052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=26052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=26052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}