Government strict about GST collection, target of Rs 1.10 lakh crore monthly collection in remaining 4 months

New Delhi : The government has warned the tax authorities that by the end of the financial year, there should be no difficulty in meeting the tax collection target. The target of monthly collection of Rs 1.10 lakh crore for the remaining four months for GST has been assigned to the department. Ajay Bhushan Pandey, Revenue Secretary in the Ministry of Finance, had a meeting with the Principal and Chief Commissioners of CBDT and CBIC through video conference.

In any of the remaining four months of GST, the officials have also been assigned a target of receiving revenue of Rs 1.25 lakh crore in any one month. Only four times this fiscal, the monthly GST collection has crossed Rs 1 lakh crore. Sources reveal that the Revenue Secretary has made it clear to all the commissioners that the exemption of Rs 1.45 lakh crore in corporate tax cannot be an excuse for receiving less revenue in the current financial year. All will have to work to achieve the target of direct tax collection of Rs 13.5 lakh crore.

For this, both Board members, Principal Commissioners and all Chief Commissioners have been asked to visit their area every week. The Revenue Secretary will also travel around the country. The officials have been asked to take action and file a case against the tax evaders. If a taxpayer has not given any information in his return, the officer should ask him to file a revised return.

The government’s direct tax collection during the period from April to November has been 5.56 lakh crore. The government received revenue of Rs 5.47 lakh crore in the same period last year. Similarly, GST collection stood at Rs 3.98 lakh crore in this period as compared to Rs 5.82 lakh crore in the reporting period last year.

Leave a Reply

Your email address will not be published. Required fields are marked *