UP government to target higher tax revenues

7 Jul 2022 , 11:44 AM

For the fiscal year 2022—2023, the Uttar Pradesh government is anticipated to boost its income collection target from Rs 98,107 crore to Rs 1.50 lakh crore, which would represent an increase of roughly Rs 57,000 crore. “GST revenue is being collected in the state with increasing regularity. In 2021—2022, a total of Rs 98,107 crore in taxes was collected. It must be raised further higher.

With a goal of 1.50 lakh crore for the years 2022—2023, planned efforts should be done in mission mode “Chief Minister Yogi Adityanath made this statement on Wednesday (07-07-2022) while presiding over a high-level review meeting with the Department of Revenue.

The CM stated that constant direct connection with the field-level personnel is necessary for revenue collection, according to an official release. Every 15 days, “I will engage with field-level police,” he declared. GST is a consumption-based tax system that was established under the premise of “One Nation, One Market, One Tax.”

Only revenue that takes into account the state’s GDP, per capita income and GDP growth rate is received. As the state has a conducive atmosphere for this, the CM instructed the officials to make deliberate efforts to increase consumption.

The CM requested the department to make sure that the information provided after TDS/TCS deductions on the basis of GSTR-7 are traceable to the executing agency and that return and unpaid tax is lodged while paying the contractor by the government agencies. Based on the difference between GSTR-7 and 3B, tax should be submitted.

The CM stressed that tax evasion is a national loss, saying: “To stop tax evasion, task forces should be established in each area. By locating them, raids should be carried out against them. Gathering the relevant data should happen before each raid.”

Regarding the allegations of fraud at gas stations, the CM stated that it is a kind of tax evasion and that surprise raids should be carried out to deal with such situations. The department should also seek the assistance of the STF or other allied police forces, he continued.

The CM also provided instructions on how to use the data that is accessible as a result of the GST’s online operating system. IT tools should be used to analyze the data, and attempts should be made to collect money. Make as much use of artificial intelligence tools as you can.

“The creation and usage of high-value e-way bills by the recently registered merchants should be prioritized. Once non-filers turnover has been reviewed and the required revenue has been deposited, returns should be submitted “He told them. The chief minister further requested that tax be collected in accordance with the law on leases for commercial usage, coaching services, and rental services in banquet halls, malls, and major complexes.