The meeting assumes significance as the GST
Council in its last meeting held on December 18, 2019, wanted a detailed study on these issues before taking any call on a rate hike.
Even as the GST collection crossed the Rs 1-trillion mark for the second month in a row in December last year, the receipts were nowhere near Rs 1.10 trillion required every month from December onwards to meet the target for 2019-20. At least in one of the four months, the GST collection must reach Rs 1.25 trillion.
The sources said this multi-faceted brainstorming meeting is being organised with the purpose of curbing fraud and evasion, checking fake or huge input tax credit claims, seeking bank account details of businesses to tally with their filings, stopping misuse of refund, and sharing best practices in revenue augmentation.
The discussions will focus on the road ahead with e-invoicing, new return system and feedback, e-way bill linking with FASTag, pendency of refunds, linkage of Aadhaar number
to GST registration, enforcement module use without overreach, and QR code, they said.
A detailed review of further use of data analytics and artificial intelligence in the process of enforcement and flagging tax evaders and fake refund claimants will also be taken up to augment revenue and better compliance without overreach, sources said.
This meeting will also be attended by senior officers of the Central Board of Indirect Taxes and Customs, Central Board of Direct
Taxes, Financial Intelligence Unit, Directorate General of Analytics and Risk Management, and the GST Network.
Targeted approach to stop tax evasion without any overreach or harassment to the genuine taxpayer will be deliberated with field officers concerned and also the enforcement wings, they added.