Anti-Profiteering Mechanism under GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Anti-Profiteering Mechanism under GST
GST
Dated:- 11-8-2018

The month-wise details of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government till 31st July, 2018 are as under: (In Rs. Crore) Month GST collection Jul'17 21,572 Aug'17 95,633 Sep'17 94,064 Oct'17 93,333 Nov'17 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 83,780 Dec'17 84,314 Jan'18 89,825 Feb'18 85,962 Mar'18 92,167 Apr'18 1,03,459 May'18 94,016 Jun'18 95,610 Jul'18 96,483 Total 11,30,217 In the absence of any past precedent, it shall be difficult to compare the GST revenue collection with the corresponding months of the previous years due to a number of factors like overlap of taxpayers pre and post introduction of GS .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... T, variation in exemption limits between Centre and States and among States and mechanism of apportionment of fund under IGST. GST collection has been shown upward trend since April, 2018. The Government is taking various steps to check evasion as well as educate the taxpayers about the new tax regime and encouraging voluntary compliance. The steps which are being taken include introduction of e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -way bill, simplification of procedure for filing tax returns, capturing invoice details so that the same could be matched with credit taken and verification of transition credit availed by tax payers. The Anti-Profiteering mechanism under GST consists of National Anti-Profiteering Authority (NAA), Directorate General of Anti-Profiteering (DGAP), Standing Committee at the National level and State .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... level Screening Committees. The NAA had monitoring meetings at Chandigarh, Chennai and Mumbai for zonal awareness. These Committees initially examine the complaints alleging profiteering and refer to the DGAP which investigates and sends its report to the NAA. NAA finally passes adjudication order thereon. NAA website is functional since last four months. This site provides facility of making a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd tracking complaints online. This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in a Written reply to a question in Lok Sabha.
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X