The Indian Finance Ministry has scheduled a meeting on April 4, 2023, to examine the current Goods and Services Tax (GST) systems and the functioning of the GSTN portal, ahead of plans to integrate technologies like advanced data analytics and artificial intelligence in the coming year to identify tax evaders. The meeting will cover various topics including the practical ways of submitting tax returns and the current technical challenges. The GST collection in March 2023 reached INR 1.6 lakh crore, a 13% increase and the second biggest tax collection since the introduction of the indirect tax in July 2017. The meeting aims to ensure that the GST portal functions correctly for the upcoming fiscal year, with the Centre’s GST revenue for FY23-FY24 projected to increase by 12% to INR 9.56 lakh crore.

(By Trevor Holman)