GoM on GST meets to take up falling mop up, curb fraud

New Delhi: A Group of Ministers (GoM) on items and providers tax (GST) income evaluation met Friday to debate falling collections developments in some giant states and measures to curb enter credit score frauds and pretend invoices which has resulted in income loss price Rs 2 lakh crore over years.

The GoM, chaired by Goa Chief Minister Pramod Sawant, will meet once more to resolve detailed and expertise based mostly measures to curb fraudulent practices forward of the subsequent GST council assembly.

“Chaired a gathering of the Group of Ministers (GoM) on GST Income Evaluation to evaluation state-wise income developments and establish actionable methods for improved GST assortment,” Sawant mentioned in a put up on the social media portal X.
The GoM additionally expressed issues over the falling GST collections development in a number of the bigger states within the latest few months and requested for the particular cause for the sluggish progress to take state particular developments into consideration, individuals conscious of the dialogue mentioned.

For the month of June GST collections grew at 6.2%, the slowest previously 4 years.

The development mirrored single-digit progress in main states like Maharashtra (6%), Karnataka (8%) and Tamil Nadu (4%). Gujarat and Uttar Pradesh confirmed a decline in month-to-month collections by 1% and 4%, respectively.The assembly additionally mentioned technology-driven options like AI-enabled monitoring instruments.