Commissioner State Taxes Department, PK Bhat, Wednesday chaired an extensive review meeting of the State Taxes Department, Jammu Division and assess ongoing activities and streamline strategies for improved tax compliance and revenue augmentation.
The meeting was attended by Additional Commissioner, State Taxes Administration & Enforcement, Jammu, Namrita Dogra and State Taxes Officers from all circles of Jammu Division.
During the meeting, several key issues were discussed, including deemed registrations, TDS mismatch, high-risk cases, return compliance and audit cases. The discussions were held to streamline strategies for improved tax compliance and revenue augmentation.
The Commissioner emphasised the need for ensuring returns compliance and directed the officers to keep a close watch on taxpayers to prevent any tax evasion. He stressed on ensuring nearly 100% return filing compliance and creating deterrence among the defaulters.
The Commissioner emphasised the importance of raising awareness among taxpayers about return filing requirements, particularly the necessity of filing returns with proportionate liability in cash to meet their tax liabilities. He also directed officers to engage with the taxpayer fraternity and provide guidance to improve compliance.
The meeting also discussed other key issues like identification of Fake ITC Suppliers, monitoring of TDS Payments, action on Intelligence Reports, Audit and Verification of E-Way Bills and other issues.
Addressing the meeting, the Commissioner State Taxes J&K emphasised the pivotal role of the State Taxes Department in ensuring financial discipline and highlighted priority areas requiring immediate attention.
With regard to specific issues, the Commissioner directed the officers to ensure proper and efficient monitoring of all deemed registration cases, ensuring proper scrutiny of E-Way Bills as it was identified as a critical component of preventing revenue leakage and ensuring compliance. The officers were advised to check e way bills on a regular basis the flow of inward and outward supplies so that revenue due is realised.
The Commissioner also highlighted the importance of using various tools like MIS (Management Information System), GST Prime. He elaborated on the functionality of GST Prime, emphasising its potential to provide actionable insights, saving time and energy while enhancing revenue collection. Officers were encouraged to maximise the use of these tools for effective monitoring and compliance.
Bhat also stressed the need to focus on areas such as cement, iron, besides other components used in construction works, where potential revenue leakages may occur due to non-compliance or violations. Officers were directed to ensure strict enforcement of GST laws in these sectors and plug any loopholes.
The Commissioner directed the officers to work with renewed vigor and dedication to achieve the department’s goals. The meeting concluded with a commitment from the officers to implement the directives and work towards improving the tax administration in the Jammu division.
Source from: https://www.greaterkashmir.com/business/create-deterrence-among-tax-defaulters-comm-state-taxes-deptt-to-officers/
