The Central Board of Indirect Taxes and Customs is looking to tighten the GST registration process to weed out fake registrations, ease compliance and popularise e-invoicing among taxpayers.
The department's efforts towards improving compliance is showing results, said CBIC Special Secretary and Member Shashank Priya, at the ASSOCHAM National conference on GST.
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Average monthly collections of Rs 1.66 lakh crore give hope that we can grow and offer opportunities to improve, he said.
The department is also working on popularising e-invoicing more and nudging taxpayers to do so, he said, adding that the current level of implementation is 'tardy'.
An extension to the business-to-customer segment for e-invoicing would be the next step after the business-to-business segment is penetrated, Priya said. The current e-invoicing threshold is set at Rs 5 crore.
The GST Appellate Tribunal will hopefully be operational in four to five months, Priya said. The department will start the selection selection process for members.
A total of around 33,000 notices have been sent to companies as part of the ongoing series of GST demand notices for the period of 2017-18. An automated-scrutiny model is also being worked on by GST officials, the secretary said
A meeting of the national coordination committee, a group comprised of GST authorities from state and centre units, is expected later in December, Priya said.
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