The jump in the collection in Chhattisgarh amid the COVID-19 pandemic is due to various reasons. The CGST Department has reportedly come heavily upon the taxpayers, involved in issuing fake invoices. Several cases, involving large amounts, are under scanner.
An all-out effort has also resulted in the arrest of a big trader in Chhattisgarh, involved in evasion of GST to the tune of Rs 12 crore, the release said.
Further various relaxations provided by the government regarding payment of GST due to COVID-19 came to an end in September, due to which more revenue was collected.
The state government has also announced the implementation of e-invoice in GST regime for large taxpayers having turnover above Rs 500 crore from October 1.
Meanwhile, the GST Council is scheduled to meet for its 42nd meeting on October 5.
The agenda of the meeting is to review the revenue position and find out ways to augment collection and resolve various laws and procedural issues, simplifying system-related issues.
Further, the council will take up the matter of compensation cess to states.
Last time, the states were given options for borrowing money to fulfil the shortfall in revenue "due to COVID-19 and economic slowdown". Some concrete decision in this regard is expected soon, the press release further said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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