The GST revenue in the month of December of the current financial year has increased by 11 percent as compared to December month of the last financial year. This is a remarkable achievement.
Deputy Chief Minister Jagdish Dewra expressed his gratitude to the taxpayers and congratulated the departmental staff.
Revenue of Rs 2976 crore was collected in the month of December in the last financial year 2022-23. In comparison, GST collection in the month of December in the current financial year was Rs. 3304 crore, which is 11 percent more than the previous year.
This is the highest collection of GST received in a single month after implementation of GST in July 2017. Similarly, till the month of December, 2023, a total revenue of Rs 23471 crore has been received from GST, which is 21 percent more than the previous year.
Under the guidance of Deputy Chief Minister Jagdish Dewra, remarkable work is being done in revenue collection by the Commercial Tax Department. New milestones are being achieved continuously in revenue collection through in the financial year 2023-24.
In order to increase the number of registered businessmen, traders registration targets were set on the basis of population and economic condition of all the districts. Working diligently in this registration campaign in all circle offices, the work of registering unregistered taxpayers was done.
The result of this is that at present the total number of registered businessmen in the state has reached more than 5 lakh. Presently the number of registered businessmen is 531147 as compared to 384438 in 2018, which is an increase of 38 percent.
A mobile App has been launched for registration verification. The process of registration verification of doubtful taxpayers is being done by the field officers through this App.
The department identified 4909 bogus taxpayers through data analytics and out of these, the registrations of 139 bogus taxpayers registered in the state were cancelled. Bogus/fake and inactive businessmen are being regularly identified and action for cancellation of their registration is being taken on priority. After the implementation of GST, a total of 251510 registrations have been canceled so far.
Among other efforts to increase revenue, special campaigns of scrutiny, audit and enforcement are being run. The information related to the Income Tax Act is being matched with the GST returns by the analytics team at the Data, Command and Control Center located at the headquarters. Information is also being obtained from other government departments like treasury and accounts, mining, transport etc. and matching them with the GST returns.
On the basis of information received from other departments, action is also being taken to register unregistered taxpayers. On the basis of data analytics, cases are identified by the headquarters in Indore for various actions and are regularly sent to the field officers. At the headquarters level, 4848 scrutiny cases related to sectors like construction, mining, building material, government supplies etc. were allotted. After scrutiny of these cases, Rs 442 crore. An amount of Rs 691 crore was deposited. On the basis of data analytics, 1205 audit cases were identified and allocated for audit. An amount of Rs 80 crore has been collected so far from the audit proceedings. Enforcement action was taken against taxpayers in the tax evasion sector based on data analysis. In this financial year, the department took action in 1106 cases involved in tax evasion and recovered Rs 438 crore. Have been deposited.
In the field of ITC reversal also, the department identified taxpayers on the basis of data analysis and reversal of ineligible and unreceived ITC was done as per rules. Due to this action of ITC reversal, the department has earned Rs 2642 crore till the month of December in this financial year. The amount has been received as IGST settlement.
