Insist on invoice while making payments, says GST official

With the Goods and Services Tax (GST) regime set to complete six years of implementation in July this year, tax officials have urged members of the public to insist on an invoice from sellers and service providers while making payments.  

Kamlesh Gupta, Additional Commissioner CGST and CEX Audit, Thane, said, “The Ministry of Finance is undertaking various initiatives to raise awareness about the successful implementation of GST and its benefits. It is truly remarkable that we are reaching the milestone of six years. I would like to tell every one to insist on invoice so that there is no tax evasion.”

Mr. Gupta and other top tax officials were speaking at an awareness programme at the Thakur Global Business School (TGBS) and Thakur Institute of Management Studies & Research (TIMSR) campus in suburban Mumbai on Thursday.   
“Such programmes at educational institutions play a crucial role in spreading awareness and highlighting the achievements of GST. It is essential for us to emphasise the successful implementation of GST and its impact on our economy. This initiative ensures fostering a deeper understanding of the subject among students and the broader community,“ he said.
He said Artificial Intelligence (AI) is being used to detect tax evasions and nabbing the culprits.

Rajesh Kumar Verma, Commissioner CGST and CEX Audit, Thane, said, “The government’s emphasis on digitisation has played a significant role in fostering industrial revival. GST has helped in the integration of the whole India into one nation.”

For all the latest business News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.