The Center will soon notify rules for setting up the GST Appellate Tribunal and appoint members after approval from the Goods and Services Tax Council. Shashank Priya, Member, Central Board of Indirect Taxes and Customs (CBIC) said the department is working to widen the taxpayer base and is using data from various sources in the case of corporate taxpayers in the income tax regime for accurate assessment .
There are some companies who have misused the registration process. He said 45,000 bogus GST registrations involving evasion of Rs 13,900 crore are under scrutiny in a two-month-long drive by the central and state tax authorities to crack down on bogus registrations.
According to the plan, benches of the tribunal will be set up in each state while Delhi will have a principal bench. At present, taxpayers have to go to the concerned High Courts when they have complaints from the system of tax authorities. Since there are already a large number of cases pending in the courts, the resolution process gets delayed.
Process to notify rules begins
Shashank Priya said at the GST convention of FICCI that after getting approval from the council, we are in the process of notifying the rules. At the same time, the officials have also stopped wrongly taking advantage of input tax credit of Rs 1,430 crore. The average income so far in the current financial year was Rs 1.69 lakh crore per month.
According to statistics, at present only 40 per cent of the company income tax payer base is registered under GST. There are 1.39 crore companies registered under GST. This is almost double the number of goods and services applicable from July 1, 2017. Average monthly GST collection has also increased during this period. Where it was Rs 89,885 crore in 2017-18, it increased to Rs 1.50 lakh crore in 2022-23.