Property tax and electricity bill will be included in the purview of GST, CBIC chairman said this
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New Delhi : Central Board of Direct Taxes and Customs (CBIC) Chairman Vivek Johri said that electricity meter and property tax data will be used to widen the tax base of the Goods and Services Tax (GST). He said that at the time GST was implemented in the country, the tax base was around 45 to 50 lakhs, which has now increased to 1.4 crores. We feel that there is more scope for increasing the tax base through electricity bill and property tax. For this, we will take the help of electricity distribution companies and collect data from electricity meters. Along with this, we will also use property tax data for this.
Target to increase revenue collection
In an interview to news agency ANI, CBIC Chairman Vivek Johri said that the board’s strategy regarding GST is that its main goal is to recover revenue. Along with this, it is also necessary to increase the tax base. He said that if we look at other tax bases, then the number of GST taxpayers is very less. We want to grow it in a very systematic and scientific way, by which we will use analysis.
Finance Minister has also announced in the budget
Explain that in the budget presented in the Lok Sabha on February 1 for the financial year 2023-24, Finance Minister Nirmala Sitharaman has announced that PAN (Permanent Account Number) will be considered as a common business identifier. This will help us. We will take help of details data from electricity distribution companies. In addition, we will also use property tax data.
two types of property tax
On the other hand, CBIC Chairman Vivek Chaudhary further said that there are two types of property tax. These include commercial and residential property taxes. Now if we look at the commercial properties in property tax and evaluate the commercial properties especially in big cities of the country, then it is known that commercial activities are being done at such and such address. He said that if we verify that address with the PAN database, we can come to know that he is already registered in Income Tax and from their database we will know what kind of business he is doing.
It is wrong not to give receipt after selling goods in cash.
Johri said that if they filter the database slowly, then an estimate can be made as to who are our potential taxpayers in future, who have not yet been included in the purview of GST. Responding to a question about Business to Consumer (B2C) shops, he said those B2C businesses with daily sales running into lakhs, but not giving receipts and doing business in cash, remain a matter of concern. .
CBIC is identifying
He said that there are some areas which are yet to be identified by the CBIC. In such an area who are traders and do not give receipt by selling cash goods. Due to this, GST is being harmed. We have to discuss with them. Brainstorming is also going on on how we can change this behaviour. It needs to be changed as it is not in the interest of the country and the society. Be it the Central Government or the State Governments, we are looking into the taxable activities.
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