Need to maintain balance between enforcement, ease of biz: Revenue secy - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 21 August 2024

Need to maintain balance between enforcement, ease of biz: Revenue secy

themarkettrendz
Revenue Secretary Sanjay Malhotra on Tuesday stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business while dealing with suspected GST evasion cases. Addressing the second edition of the National Conference of Enforcement Chiefs of State and Central GST formations, Malhotra also highlighted the need to track the masterminds and beneficiaries of fake input tax credit so that strict action is taken to have the necessary deterrence effect. The meeting comes amid the ongoing special drive to detect fake GST registration. The all-India drive began on August 16 and will continue for two months. "The Secretary stressed the importance of maintaining a fine balance between enforcement actions and ease of doing business," an official statement said. In his address, Central Board of Indirect Taxes and Customs (CBIC) Chairman Sanjay Agarwal emphasised the need for enforcement agencies to stay ahead of the evaders so that the sanctity of the G

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