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How is GST going to reduce corruption in India?

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DeepshikhaS
Posts: 29
Joined: Wed May 17, 2017 6:38 am

How is GST going to reduce corruption in India?

Post by DeepshikhaS » Mon Jun 05, 2017 12:01 pm

How is GST going to reduce corruption in India?

Ramasamy Ulaganathan
Posts: 11
Joined: Sat Jul 22, 2017 6:33 am

Re: How is GST going to reduce corruption in India?

Post by Ramasamy Ulaganathan » Sat Jul 22, 2017 6:51 am

All B2B ( Business to Business ) transaction required to be reported in GSTN portal at each transaction level ( ie invoice level ) and it needs to be mutually accepted by both party involved in the transaction. Movement of Goods above certain value ( ie INR 50K ) will be monitored by E-Way bill.

It bring a greater transparency and minimize the tax evasion greater extent.

As most of the activity like registration , return filing , applying refund will be routed through online mode . This will help tax assessee to avoid dealing with tax department official for regular activity. All this over all help for greater transparacny and minimize corruption at some level.

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