Gearing up for audit changes in view of GST rollout, says CAG
As the government goes full throttle to roll out Goods and Services Tax (GST) from April 1, the CAG on Friday said it is ready for the new challenges and will take steps to enhance effectiveness of revenue audit.
Comptroller and Auditor General (CAG) Shashi Kant Sharma said the department has been alert to the emerging new challenges in the area of revenue administration, including the GST and various other reform measures taken by the government to improve tax collection and combat tax avoidance.
In the coming days, the CAG will take measures that would enhance the effectiveness of revenue audit such that it contributes more effectively to the fiscal sustainability of the governments, he added.
During the valedictory function of the two-day event of CAG, Sharma said reforms undertaken by the government are likely to improve budgetary process and tax administration in a big way.