Revenue department mulls 'GST informant reward scheme' to check tax evasion

    The revenue department is planning to come out with a 'GST informant reward scheme' to check tax evasion by unscrupulous traders and businesses, an official said. It will be on the lines of similar schemes for excise and service tax, which has been subsumed under the Goods and Services Tax (GST). Customs and Income Tax also have such informer reward schemes. "The scheme is being planned to check tax evasion. Informers will be rewarded for providing specific clues regarding violation of GST laws ,"the official told PTI. The GST informant reward scheme would be announced soon, he added. Read More...

Copyright © 2016 bizaviser.in™. All Rights Reserved. Contents of this Portal should not be copied, stored in a retrieval system, or transmitted. In any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior return permission of the bizadviser.in.