Group of ministers begins initiative to combat GST fraud and evasion
Chief minister
Pramod Sawant
chaired a meeting of the group of ministers on analysis of revenue from GST, where it was decided to constitute a group of officers to study issues pertaining to fraud and GST evasion in greater detail.
The officers will work on state-wise GST revenue analysis by taking inputs and data from all the states and union territories.
Sawant was accompanied by state tax commissioner Sarpreet Singh Gill, additional commissioner for state taxes Vishant Gaunekar, and additional secretary to the CM Upendra Joshi.
'The aim is to ensure a robust and equitable GST framework that strengthens India's fiscal ecosystem,' said Sawant.
The group of officers has been tasked with evaluating every business sector to identify if there is a need for policy changes. Aside from this, an impact study of GST implementation will be conducted.
'The group of officers will help develop harmonised anti-evasion tools for detecting tax evasion so that steps can be taken to increase GST revenue. Feedback will be taken from all the states,' said an official who was present at the meeting.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
2025 Top Trending local enterprise accounting software [Click Here]
Esseps
Learn More
Undo
Sawant is the convener of the group of ministers. Ministers from Chhattisgarh, Gujarat, Maharashtra, and Punjab were present at the meeting, while the minister from Andhra Pradesh attended the meeting virtually.
The group of ministers sought a detailed briefing from the GSTN on the use of business intelligence and fraud analytics by central and state GST officials. The National Informatics Centre (NIC) was asked to present its analysis of the Ewaybill Analytics Portal and the GST Prime portal.
Gujarat, Telangana, and Andhra Pradesh presented data from their respective states and their inputs for consideration by the group of ministers.
The group will hold a fresh round of meetings once data is gathered from all the states and union territories. After considering all inputs, the group of ministers will come out with its recommendations to be submitted to the GST Council, said an official.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
Indian Oil refiners continue to source oil from Russia
Washington: Indian oil refiners continue to source oil from Russian suppliers, sources told ANI. Their supply decisions are guided by price, grade of crude, inventories, logistics and other economic factors, the sources revealed. Explore courses from Top Institutes in Please select course: Select a Course Category Others Leadership Technology Operations Management MCA Management Public Policy Artificial Intelligence Data Science Design Thinking CXO Product Management Data Science MBA Project Management Healthcare Degree PGDM others Finance Digital Marketing Cybersecurity Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Providing context for India's decision to continue sourcing oil from Russian suppliers, sources said that Russia, the world's second-largest crude oil producer with an output of around 9.5 mb/d (nearly 10% of global demand), is also the second-largest exporter, shipping about 4.5 mb/d of crude and 2.3 mb/d of refined products. Fears of Russian oil being pushed out of the market and the consequent dislocation of traditional trade flows drove dated Brent crude prices to soar to US $137 per barrel in March 2022. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brought to you by Undo "In this challenging environment, India, as the world's third-largest energy consumer with 85% crude oil import dependence, strategically adapted its sourcing to secure affordable energy while fully adhering to international norms," added sources. Earlier, United States President Donald Trump on Friday (local time) claimed that India may cease purchasing Russian oil, calling it "a good step" if confirmed, while India has defended its sovereign right to conduct energy policy based on national interest. Live Events Earlier on July 31st, Reuters reported, citing its sources, that Indian state-owned refineries suspended Russian oil purchases last week amid threats of tariffs from US President Donald Trump and narrowing price discounts. Providing further historical context to its decision of sourcing Russian Oil, sources told that Russian oil has never been sanctioned ; instead, it was subjected to a G7/EU price-cap mechanism designed to limit revenue while ensuring global supplies continued to flow. India acted as a responsible global energy actor, ensuring markets remain liquid and prices stable. India's purchases have remained fully legitimate and within the framework of international norms. "Had India not absorbed discounted Russian crude combined with OPEC+ production cuts of 5.86 mb/d, global oil prices could have surged well beyond the March 2022 peak of US$137/bbl, intensifying inflationary pressures worldwide," added sources to ANI. It is also pertinent to note that Russian oil has never been sanctioned and it is still not sanctioned by either US or EU. Indian OMCs have not been buying Iranian or Venezuelan crude which is actually sanctioned by US. OMCs have always complied with the price cap of $60 for Russian oil recommended by the US. Recently EU has recommended a price cap of $47.6 dollars for Russian crude which will be enforced from September. Commenting on European Union's import of Russian origin liquified natural gas (LNG) during this period, sources added, "EU was the largest importer of Russian liquefied natural gas (LNG) during this period, buying 51% of Russia's LNG exports, followed by China at 21% and Japan at 18%. Similarly, for pipeline gas, the EU remained the top buyer with a 37% share, followed by China (30%) and Turkey (27%)." Sources speaking to ANI rebutted media reports of India halting purchase of Russian Oil and after US President's latest comment echoing the claim in the media report. US President Trump made remarks while answering an ANI question, on whether he had a number in mind for the penalties on India and if he was going to speak with Prime Minister Narendra Modi., "I understand that India is no longer going to be buying oil from Russia. That's what I heard, I don't know if that's right or not. That is a good step. We will see what happens..." Backing their decision to continue sourcing Russian Oil, Sources added that India's energy decisions have been guided by national interest but have also contributed positively to global energy stability. India's pragmatic approach kept oil flowing, prices stable, and markets balanced, while fully respecting international frameworks.
Time of India
32 minutes ago
- Time of India
European shares log biggest daily drop since April after US tariffs hike
European stocks logged their biggest one-day drop in over three months on Friday, at the end of a busy week as investors grappled with the repercussions of fresh U.S. levies on dozens of countries, including a 39% tariff on Switzerland. Investors shunned riskier equities globally as Trump continued his tariff blitz, announcing steep levies on exports from dozens of trading partners including Canada, Brazil, India and Taiwan with countries not listed subject to a base 10% rate ahead of a Friday trade deal deadline. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Technology Data Science Management Artificial Intelligence Project Management Degree Operations Management Digital Marketing Cybersecurity Public Policy CXO Healthcare MCA Design Thinking Product Management Others Data Science Finance Leadership others PGDM Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Saturday: This hearing aid from Boots is helping 50+ year olds! Boots Hearingcare Book Now Undo Healthcare stocks lost 1% after U.S. President Donald Trump sent letters to the leaders of 17 major pharmaceutical companies, including Novo Nordisk and Sanofi, outlining how they should slash U.S. prescription drug prices. The sector was already singed this week by Novo Nordisk's profit warning. The Denmark-listed Wegovy-maker shed 1.8% and logged its steepest weekly decline on record. "We saw during the week that companies like Novo Nordisk had different issues. European pharma is very close to bottoming and that's why it didn't react to the uncertainty around tariffs and policy," Anthi Tsouvali, a multi-asset strategist at UBS Global Wealth Management said. Live Events "Europe is an export market... if we see heightened tariffs all over the world and trade being subdued, then that will have an impact on European companies regardless." The pan-European STOXX 600 index slid 1.9% and marked its biggest one-week drop since early April when Trump unveiled his tariffs on world economies. The euro STOXX volatility index jumped 4.25 points to its highest in over one-month. The STOXX index has lost over 5% from its March peak, after coming within 2% of that level earlier this week, dragged down by a record plunge in Novo Nordisk shares, and as investors assess the implications of the U.S.-EU trade deal. Markets in Switzerland were shut for a holiday, but UK-listed Watches of Switzerland declined 6.8%, while a U.S.-listed exchange traded fund tracking the country's equities slid to a more than three-month low and was last down 1.2%. Most regional bourses were in the red, with Germany's blue-chip DAX down 2.7%, while Denmark's OMXC fell 1.8% to a nearly two-year low. Banks, that had rallied earlier in the week, were down 3.4% and were the top sectoral underperformer as they notched their biggest one-day drop since early April. Adding to the dour mood, U.S. data showed job growth slowed sharply in July, which boosted bets for an interest rate cut by the Federal Reserve next month, while traders also priced in a dovish move by the European Central Bank later this year.
Time of India
37 minutes ago
- Time of India
Who is Christian Coleman? Exploring personal details of Olympic sprinter following his girlfriend Sha'Carri Richardson's arrest
Christian Coleman. Image via: Jewel Samad/AFP via Getty Images As headlines swirl around Sha'Carri Richardson's recent arrest, much attention has turned toward her boyfriend, fellow sprinter Christian Coleman. He has made his status in the sprinting world as a towering figure in American track and field. Coleman's athletic prowess is undeniable. But who is the man at the center of this controversy, and what's the context surrounding the incident that briefly rocked the world of elite sprinting? Who is Sha'Carri Richardson's boyfriend, Christian Coleman? Christian Coleman is one of the fastest sprinters in the United States. The 29-year-old from Atlanta holds the world record in the 60 meters with an eye-watering time of 6.34 seconds, set in 2018. That mark remains untouched. He was also a key part of the U.S. 4x100m relay team that clocked 37.10 seconds in 2019, a national record. Though his name has sometimes flown under the radar compared to his flashier peers, Coleman's speed off the blocks is widely regarded as the best in the sport. In the current 2025 season, he ran 10.06 in the 100m, not his personal best, but still enough to place him among the top-tier sprinters globally, currently ranked 11th in the world. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Libas Purple Days Sale Libas Undo His 100m PR is 9.76 seconds, which places him firmly in the all-time elite. But recent headlines haven't focused on lane times or podium finishes. They've centered on something personal, even involving him. Christian Coleman's girlfriend, Sha'Carri Richardson, arrested after airport altercation Sha'Carri Richardson, the reigning 100m world champion and Olympic gold medalist in the 4x100m relay, was arrested on Sunday at Seattle-Tacoma International Airport. According to a police report, the 25-year-old got into an argument with Coleman, whom she's been dating for two years. The officer claimed that surveillance footage showed Richardson shoving Coleman multiple times and throwing what appeared to be headphones as he attempted to walk away. The altercation was labeled a fourth-degree domestic violence assault, but the case was quickly cleared. Coleman reportedly refused to press charges and 'declined to be a victim.' Despite the dramatic turn of events, both athletes were back on the track within days. Richardson posted her season-best time of 11.07 in the 100m prelims, while Coleman ran 10.08 in his heat. Though Richardson later withdrew from the 100m final — for which she already holds a bye into the World Championships — she has decided to run the 200m after initially saying she wouldn't. In an interview after her heat, Richardson seemed unfazed. 'Right now I'm cruising under the radar,' she said. 'But when it's time to hit — it's gonna be a bang where y'all see my name.' Also Read: US sprinter Sha'Carri Richardson arrested after fight with boyfriend Christian Coleman at Seattle airport As for Christian Coleman, who kept his composure amid the unfolding media storm, this episode may have rattled the quiet consistency he's known for. But he is showing signs of bouncing back from the media spotlight, focusing on his career. For real-time updates, scores, and highlights, follow our live coverage of the India vs England Test match here. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
