Govt or­ders big­gest re­view of GST since its launch

Rates & Slabs Likely To Be Tweaked

The Times of India (New Delhi edition) - - Front Page - Sid­hartha @times­group.com

New Delhi: Two years af­ter its launch, the gov­ern­ment has be­gun the big­gest re­view of goods and ser­vices tax (GST) — in­clud­ing a pos­si­ble

of re­set­ting of rates along with a scru­tiny of the slabs — to tone up col­lec­tions and plug leak­ages.

The task has been as­signed to a 12-mem­ber com­mit­tee of state and cen­tral gov­ern­ment of­fi­cials to “aug­ment GST col­lec­tion and ad­min­is­tra­tion”, set up a day be­fore the PMO leads con­sul­ta­tions with state chief sec­re­taries on Fri­day, where it is ex­pected to urge them to push for im­proved col­lec­tions.

The terms of ref­er­ence clearly in­di­cated that the panel should sug­gest sys­temic changes to pre­vent mis­use, im­prove vol­un­tary com­plian

ce, boost over­all com­pli­ance mon­i­tor­ing and sug­gest antieva­sion mea­sures.

With in­verted duty struc­ture prov­ing to be a source of leak­age in sec­tors like restau­rants, sources told TOI that the rates may be re­viewed.

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