New Delhi: Speed up taxmen for enforcement steps in handling GST fraud, Finance Minister Nirmala Sitharaman on Thursday said increased income increase in recent months must now be “normal”.
In a message to the Tax Officer at the fourth anniversary of the fourth historic tax reform, he said in the past four years the taxpayer base almost doubled from 66.25 lakh to 1.28 crores.
He said for eight consecutive months, GST revenue has crossed Rs 1 Lakh Crore Mark and we have seen the recording of the GST revenue collection of Rs 1.41 lakh crore in April 2021.
“Awally work has been carried out in the year passed well in the area of facilitation and Law enforcement with various cases of fraud dealers and registered ITC.
Increased income collection in recent months must now be ‘normal’ ‘, “said Sitharaman.
National GST, which laughs 17 local levies such as customs, services and VAT and 13 Cesses, were launched on July 1, 2017.
Expressing satisfaction to overcome the majority of GST implementation challenges, including two waves of Covid-19 pandemic pandemic, the Minister also thanks Taxpayers for their support in making taxes and services (GST) reality.
“Positive externalities such as the integrated market, the elimination of cascading and competitent goods and services that have been digested has helped spur economic growth to bring us further on the road to prosperity,” he said while praising the central and state tax officers to make GST successful.
The CBIC Center for Customs and Customs (CBIC) will issue award certificate to 54,439 GST payers for the submission of timely returns and cash payments in GST in the past four years.
More than 88 percent of these taxpayers come from micro, small and medium enterprises.
He said this scale reform, in large and diverse countries like India, could be very challenging.
“The GST Board has shown enormous firmness and wisdom in containing taxpayer concerns and citizens through corrections every time they are needed.
This has manifested itself not only in steps to facilitate the burden of compliance with taxpayers, but also reduces the tax burden on people Ordinary, “Sitharaman added.
Under GST, business with an annual turnover up to RS 40 Lakh is excluded from GST.
In addition, those who have turnover up to RS 1.5 Crore can choose a composition scheme and pay only 1 percent tax.
For services, business with turnover up to RS 20 Lakh in a year excluded GST.
Service providers that have turnover up to RS 50 Lakh in a year can choose a composition scheme for services and pay only 6 percent tax.
Under GST structure four levels that free or impose a 5 percent low tax rate in important items and the upper level of 28 percent in the car is collected.
Other tax sheets are 12 and 18 percent.
In the pre-GST era, total VAT, excise, CST and their cascading effects cause 31 percent as tax debt, on average, for consumers.
GST also represents unprecedented exercises in fiscal federalism.
The GST council, which unites the central and state government, has met 44 times to destroy how taxes will work.
‘Increased collection of GST now must be normal’
