GST council move further to control tax evasion in export procedures

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To keep an close eye on tax evasion , GST officers will come out with measures to check valuation of exports and device a standard operating procedure (SOP) for physical spot verification of risky taxpayers. In the National GST Conference of Commissioners of State Tax and Zonal Chief Commissioners of Central Tax decided to further examine steps that could be taken to stop new taxpayers from availing input tax credit (ITC).

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Measures to check export valuation including calculating export benefits and incentives were discussed and proposed for further examination. During the meeting, states like Rajasthan, West Bengal, Odisha, Gujarat and Punjab made presentations on best practices followed by them in compliance management and revenue augmentation in their tax administration.

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