The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net, up from less than a crore at present, and also make the IT system glitch free, an official source has said.
The target was set at the recent second edition of the two-day annual meet of tax officers, which was addressed by Prime Minister Narendra Modi, he said.
A key to achieving the target is putting in place a permanent mechanism of almost real-time data exchange between the departments that handle direct tax - income and corporate - and the one which handles indirect levies like customs and Goods and Services Tax (GST).
Data exchange between the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) has to be made operational to achieve the target, the source said.
"As part of tax base widening, the Prime Minister has asked us to bring 3 crore businesses within the GST net. We are presently at near one crore and 3 crore target is possible," a source told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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