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States panel likely to bat for system tracking dealers' transactions

The panel may also suggest integrating the Goods and Services Tax Network with NPCI to curb frauds in tax refunds

gst, tax
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Shrimi Choudhary New Delhi
The panel of state finance miinisters looking at reforms in the goods and services tax (GST) system may propose putting in place an arrangement to keep track of dealers’ transactions and link them with the e-way bill system so that “bogus dealers” could be traced.
 
The move helps in tackling fake invoicing and regulating the flow of input tax credit (ITC).

The panel may also suggest integrating the Goods and Services Tax Network (GSTN) with National Payments Corporation of India (NPCI) to curb frauds in tax refunds.

These are part of the recommendations by the Group of Ministers (GoM). These, along with

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First Published: Mar 30 2022 | 6:10 AM IST

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