Home Business Govt eyeing to collect Rs 1.10 lakh crore monthly GST, sets target

Govt eyeing to collect Rs 1.10 lakh crore monthly GST, sets target

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Govt eyeing to collect Rs 1.10 lakh crore monthly GST, sets target

New Delhi, India–

The Department of Revenue is eyeing to collect at least Rs 1.10 lakh crore as monthly Goods and Services Tax (GST) collection for the next four months each.

According to sources in the Finance Ministry, Revenue Secretary Ajay Bhushan has asked members of Central Board of Indirect Taxes and Customs (CBIC), Central Board of Direct Taxes (CBDT), Principal Chief Commissioners, Chief Commissioners and other senior officers to achieve tax targets — both direct and indirect. The department is eyeing to collect Rs 1.25 lakh crore in one out of the four months, about Rs 0.22 lakh crore more than the GST collection for November.

The department, sources said, has clarified that the corporate taxes relief worth Rs 1.45 lakh crore should not be taken as an excuse for lesser direct tax collection target.

It has asked the officers to reach the target of Rs 13.5 lakh crore in the Direct Taxes as well.

The department has asked the senior officers and other field machinery to make field visits on a regular basis every week. Despite the pressure of budget preparation, the revenue secretary will be visiting across the regions every weekend to monitor and peruse the collections efforts, sources said.

“Officers have been particularly urged to ensure that during such field enforcement drive and visits, no taxpayer is overreached or troubled,” sources said.

Sources said that a taxpayer will be asked to file a revised return if they missed out on sharing correct tax information about the taxes.

GST officers have been told to make sure that GSTR1 and GSTR3B are filed by the taxpayers failing which will attract strict action such blocking of the e-way bill, input tax credits and cancellation of registration.

Also, the data from GST return information will be provided to income tax departments so that the cases of any suppression of turnover and income tax can be detected and proper tax can be recovered, they said. (ANI)

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(Kunwar) Devender Singh is a trailblazing digital marketing expert and a seasoned tech virtuoso with over 18 years of industry experience. As a founding member of Digpu, India's leading independent news network, Devender has not only shaped the digital PR landscape but has also traveled across thousands of villages and cities, documenting the pulse of the nation through his blogs. His illustrious career has seen him at the helm of several major corporations, including Essel Group, HP and Videocon. After 12 years of making waves in Media, IT, and Telecom, Devender launched the groundbreaking 'Save Earth' initiative in 2011, aimed at curbing E-Waste. In 2015, Devender founded the Brave Hearts Welfare Foundation (BHWF), India’s pioneering suicide prevention lifeline for the Indian Armed Forces. His commitment to innovation continued with the 2017 launch of 'Digital Punch,' a globally recognized B2B/B2C lead generation company. A visionary leader and philanthropist, Devender Singh’s journey is a symphony of success, compassion, and technological excellence, continually pushing the boundaries of what is possible in the digital world.