Question: Where did the 2nd National GST Conference take place on January 7, 2020?
(a) Hyderabad
(b) New Delhi
(c) Pune
(d) Mumbai
Answer: (b)
Related facts:
- The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance in New Delhi.
- The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages.
- This was the 2nd edition of all India Conference where both tax administrations came together formally to build synergy and to share their knowledge and best practices with intent to bring about uniformity in tax administrations.
- During the Conference, deliberations were held on a mechanism and machinery for disseminating inter-departmental data among various agencies like GSTC, CBDT, CBIC, FIU, DoR, DGGI and State Tax Administrations etc. in order to achieve efficiency in curbing evasion and augment revenue collection.
After the day-long in-depth deliberations, the following measures were decided for necessary action:
- To constitute a Committee of Centre and State officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims including the inverted tax structure refund claims and evasion of GST.
- Considering fraudulent IGST refund claims, it was explored to link foreign exchange remittances with IGST refund for risky and new exporter.
- All major cases of fake Input Tax Credit, export/import fraud and fraudulent refunds shall also be compulsorily investigated by investigation wing of the Income Tax Department.
- To explore access to banking transactions including the bank account details by GST system, in consultation with RBI and NPCI.
- To share data of cases involving evasion and fraudulent refund detected by CBIC with CBDT and vice versa, so that proper profiling of these fraudsters could also be done.
- The approach of strengthening enforcement through data exchange, sharing knowledge and best practices for a common national goal that leads to enhanced compliance management and revenue augmentation and at the same time ensuring that genuine taxpayers are not harassed was welcomed by all.
Links:
https://pib.gov.in/PressReleseDetail.aspx?PRID=1598653