Feb 15, 2023
The
Central Board of Indirect Taxes and Customs (CBIC) will use the data of
electric meters and property tax to increase the base of goods and services tax
(GST), said Vivek Johri, CBIC Chairman.
When GST was implemented, there was a GST tax base of Rs 45-50 lakh, which has
now increased to Rs 1.4 crore, said Johri. The CBIC Chairman added, "We
feel that there is a good scope for increasing the tax base. We will take the
help of power distribution companies, take the data of electric meters and will
also use the property tax data to increase the tax base of GST."
In an exclusive interview with ANI, the CBIC Chairman said the board's strategy
regarding GST is that collecting revenue is its target, along with that it is
also necessary to increase the tax base.