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GST compliance still low, clear picture of revenue after 3-4 months: Adhia

For September, 10 lakh returns had been filed until October 16, the Revenue Secretary said

IANS  |  New Delhi 

Revenue Secretary Hasmukh Adhia
Revenue Secretary Hasmukh Adhia

Acknowledging that compliance of the Goods and Services (GST) is still low, Secretary Hasmukh on Monday said a clear picture of under the new indirect regime can be drawn only after three-four months.

"Most of the that has come is in the form of Integrated We will have to wait for 3-4 months for a clearer picture. I haven't been able to make sense of as it includes IGST We will have a clearer picture once IGST is converted into Central and State GST," said here.

While speaking at a town hall discussion organised by CNBC-TV18 and industry body Confederation of Indian Industry (CII), he said: "compliance is still low. Compliance will fall further if penalty for late filing of returns is dropped."

For September, 10 lakh returns had been filed until October 16, the Secretary said.

Adhia, however, noted that the issues cropping up in the new indirect regime had come down in the last 40-45 days.

"In the last 40-45 days, GSTN issues have come down. We must have a system that plugs all loopholes. We have not seen any major impediments with respect to in the last few weeks," he said.

He added that the government was working on improving the ease of doing business under

"We will study all aspects, suggestions that could improve ease of doing business. The Group of Ministers is still looking at issues related to Composition Scheme," he said.

said there was a need to rationalise items under the 28 per cent slab, which would be done over a period of time.

"Fitment Committee will periodically check if rate revisions are required, warranted," he said.

He, however, ruled out doing away with the reverse charge mechanism and e-way bill, adding that it would mean returning to the old system of taxation.

First Published: Tue, October 17 2017. 11:28 IST