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Lower GST collection indicates evasion by traders: Sushil Modi
Bengaluru, Jan 17 (IANS) The sharp drop in revenue collection under the Goods and Services Tax (GST) system indicated attempts to evade or suppress taxes, said Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday.
“The revenue slump to Rs 80,806 crore in November from Rs 92,283 crore in July indicated attempts to evade or suppress taxes under the GST,” he told reporters here.
Modi, who is also the state Finance Minister and the Chairman of the Group of Ministers (GoM) set up to address IT-related issues in the GST Network (GSTN), said 7.5 lakh dealers across the country collectively paid just Rs 310 crore as indirect tax under the GST composition scheme so far.
Under the composition scheme, a trader or dealer whose turnover is up to Rs 1 crore can opt to pay 1 per cent as a composition tax and not avail input credit.
“The data from the GST system from across the country is being analysed. A meeting is being held in New Delhi on Thursday to discuss measures to check tax evasion and suppression,” said Modi after presiding over the sixth meeting of the GoM.
Hoping that revenue collection would increase once the inter-state e-way bill is introduced across the country from February 1, he said 14 states, including Karnataka were already using the electronic invoice to pay taxes on goods moved from one state to another in place of the current transit pass system.
The GST Act mandates traders or transporters to generate an e-way bill through the GSTN for tracking their goods valued above at Rs 50,000 and moved within or between the states. It will become mandatory from June 1.
The GSTN paid an advance of Rs 40 crore to the state-run National Informatics Centre (NIC) for developing the e-way system, including its hardware and software to roll it out across the country. NIC has launched a trial version of the e-way bill system on Monday for the roll out.
The GSTN has handled 5.25 crore returns, processed 154 crore invoices and documents of 1 crore migrated taxpayers.
“Average revenue shortfall of all states was 28.3 per cent in August, 17.5 per cent in October, 20.9 per cent in November and 20.7 per cent in December,” added Modi.
Admitting that tax revenue shortfall was a concern, Karnataka Agriculture Minister Krishna Byregowda, who is also a member of the panel, said though the states expected buoyancy in tax collection under the new regime (GST), evasion, leakage and suppression were responsible for it.
The GoM was set up in September to address the IT-related issues of the GSTN operated by software vendor Infosys since the new tax regime was introduced across the country on July 1 last year.
Other GoM members are Chattisgarh Minister for Commercial Taxes Amar Agarwal, Kerala Finance Minister T.M. Thomas Issac and Telangana Finance Minister Etela Rajendar.
GSTN Chairman Ajay Bhushan Pandey and CEO Prakash Kumar assist the GoM in addressing the glitches.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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