Current Affairs Government Schemes

Govt constitutes panel for measures to raise GST revenue

Category : Government Schemes

  The Central Government has constituted a committee of officers to suggest measures to augment GST revenue collections and administration. The terms of reference of the panel includes making suggestions related to systemic changes in goods and services tax (GST) including checks and balances to prevent misuse and measures to improve voluntary compliance. The panel has also been given the task to give inputs on measures for the expansion of the tax base. The committee have to submit its 1st report within 15 days to the GST Council Secretariat.
Source: The Hindu

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