GST council may mull steps to prevent fake generation of ITC in next meeting: Official
By IANS | Published: June 16, 2023 03:18 PM2023-06-16T15:18:06+5:302023-06-16T15:30:09+5:30
New Delhi, June 16 The GST Council in its meeting next month, is likely to discuss measures to ...
GST council may mull steps to prevent fake generation of ITC in next meeting: Official
New Delhi, June 16 The GST Council in its meeting next month, is likely to discuss measures to ensure strict provisions for preventing fake generation of Input Tax Credit (ITC), aiming to prevent tax evasion, a senior official said on Friday.
The GST Council is scheduled to meet on July 11.
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
He further informed that the finance ministry may consider imposing countervailing duty on steel imports from China.
Johri added that a recommendation for the same has been received by the ministry and is under consideration.
Meanwhile the GST Council, headed by Nirmala Sitharaman, is also likely to consider the report of the Group of Ministers on online gaming, casinos and horse racing.
The report would be circulated to the states soon.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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