- The Indian government plans to hold meetings in November to review and streamline processes in indirect taxation, including the Goods and Services Tax (GST).
- The focus of the meetings will be on improving internal processes, including the functioning of the GSTN portal, ease of filing returns, and addressing technical glitches.
- The Central Board of Indirect Taxes and Customs (CBIC) aims to utilize this time as the upcoming budget is a vote on account due to the impending general elections next year.
- The review meetings will be attended by top officials from CBIC, GSTN, and all field units.
- The government’s GST collections in October increased by 13% year-on-year to Rs 1.72 lakh crore, the second-highest revenue collection ever.
- The meetings aim to ensure that processes and the GSTN portal are in place before the start of GST collection in the new financial year.
- GST revenue collection has significantly improved since its rollout in July 2017, with the system facing initial challenges and criticism from taxpayers.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
