New Delhi: A Group of Ministers (GoM) on goods and services tax (GST) revenue analysis met Friday to discuss falling collections trends in some large states and measures to curb input credit frauds and fake invoices which has resulted in revenue loss worth Rs 2 lakh crore over years.
The GoM, chaired by Goa Chief Minister Pramod Sawant, will meet again to decide detailed and technology based measures to curb fraudulent practices ahead of the next GST council meeting.
"Chaired a meeting of the Group of Ministers (GoM) on GST Revenue Analysis to review state-wise revenue trends and identify actionable strategies for improved GST collection," Sawant said in a post on the social media portal X.
The GoM also expressed concerns over the falling GST collections trend in some of the larger states in the recent few months and asked for the specific reason for the slow growth to take state specific trends into account, people aware of the discussion said.
For the month of June GST collections grew at 6.2%, the slowest in the past four years.
The trend reflected single-digit growth in major states like Maharashtra (6%), Karnataka (8%) and Tamil Nadu (4%). Gujarat and Uttar Pradesh showed a decline in monthly collections by 1% and 4%, respectively.
The meeting also discussed technology-driven solutions like AI-enabled monitoring tools.
The GoM, chaired by Goa Chief Minister Pramod Sawant, will meet again to decide detailed and technology based measures to curb fraudulent practices ahead of the next GST council meeting.
"Chaired a meeting of the Group of Ministers (GoM) on GST Revenue Analysis to review state-wise revenue trends and identify actionable strategies for improved GST collection," Sawant said in a post on the social media portal X.
The GoM also expressed concerns over the falling GST collections trend in some of the larger states in the recent few months and asked for the specific reason for the slow growth to take state specific trends into account, people aware of the discussion said.
For the month of June GST collections grew at 6.2%, the slowest in the past four years.
The trend reflected single-digit growth in major states like Maharashtra (6%), Karnataka (8%) and Tamil Nadu (4%). Gujarat and Uttar Pradesh showed a decline in monthly collections by 1% and 4%, respectively.
The meeting also discussed technology-driven solutions like AI-enabled monitoring tools.
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