STOCK MARKET BSE NSE

State moots app to check GST evasion by traders

Consumers to be offered gifts or cash for uploading purchase bills onto T-GST App to reconcile with traders’ sales tax returns.

Published: 28th July 2017 02:14 AM  |   Last Updated: 28th July 2017 09:24 AM   |  A+A-

Express News Service

HYDERABAD: Next time when you go to a hotel or buy clothes, upload your bill on the state government’s mobile App and win attractive gifts. This is part of a proposed initiative by the state commercial taxes department to plug any GST evasion by traders.

The department is all set to launch an App for GST so that tax evasion by traders could be minimised. According to official sources, the App will be named T-GST.

Initially, the T-GST App would be used in the case of hotels, garment shops and other establishments dealing in products of daily need, according to officials. It will be launched once chief minister K Chandrasekhar Rao gives his assent for it. The department has already instructed the traders to issue bills even for purchases of value below ` 200 if buyers insist on bills.

The reason for this novel initiative by the commercial taxes department is that even though consumers pay taxes, in some cases, the traders do not show the entire turnover and there is every possibility of evasion of tax even in the Goods and Services Tax  (GST) regime too.

In order to collect the maximum tax possible from traders, the commercial taxes department has decided to launch the mobile App. However, the App will have nothing to do with traders and will be mostly for consumers. Buyers who get bills for their purchases from traders will have to upload their bills on the proposed T-GST App.

“Once the App is launched, we will randomly check whether traders are remitting to the government the GST they collected from consumers,” the sources explained. The uploading of bills will not take much time for consumers.

The department also proposes to pay attractive incentives in the form of gifts or cash to consumers who upload their bills. It is likely to conduct the draw of lots and select winners for the gifts.

More from Telangana.
TAGS
gst

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp