As GST revenues fall, Jaitley to fight evasion with these two weapons

GST collections have been coming down and reached a low of Rs 800 billion in November

While Thursday's Goods and Services Tax (GST) Council meet concluded with some cause for cheer after 83 employment-oriented goods and services saw their rates cut and the Council was reported to be moving towards one form to file returns, indications and statements emerging from the meet also pointed towards a tougher stance on the government's part as far as GST compliance is concerned. 

Looking to plug gaps and curb tax evasion, the government could bring in a reverse-charge mechanism (RCM) under the composition scheme. In fact, Finance Minister Arun Jaitley has gone as far as to reportedly threaten as much.