FinMin asks tax officials to intensify efforts to meet revenue target1 min read . Updated: 20 Dec 2019, 09:52 PM IST
- The meeting chaired by Revenue Secretary Ajay Bhushan Pandey deliberated on sharing information
- However, officials were asked to ensure that the genuine taxpayers shall not be troubled but none of the tax evaders should go scot free
New Delhi: The revenue department on Friday asked senior income tax officials to take special efforts to meet the ₹13.5 trillion direct tax target in spite of the corporate tax rate cut announced in September.
The message was conveyed to senior officials at a strategy meeting convened by the revenue department. Revenue Secretary Ajay Bhushan Pandey chaired the meeting in which direct and indirect tax officials were asked to exchange information, said a government official who spoke on condition of anonymity.
The drive to meet tax collection target comes amid an economic slowdown which is putting pressure on revenue collections and forcing the government to spend more to revive growth. “GST information would be made available to income tax departments to identify the cases of suppression of personal income or tax evasion by showing lower GST turnover or taking refund from GST fraudulently. The officials were told to get into a campaign mode to recover past arrears," said the official quoted above.
In recent weeks, the Income Tax Department held surveys and searches on several businesses and stock brokers across the country. Action is being taken against those using fake invoices and inflated or fake e-way bills. Officials, however, were asked to ensure that genuine taxpayers are not troubled, said the official.