Use data analytics to track undeclared wealth: Modi to tax men
BY Agencies1 Sept 2017 10:43 PM IST
Agencies1 Sept 2017 10:43 PM IST
New Delhi: Prime Minister Narendra Modi on Friday asked tax officials to use data analytics to track undeclared wealth and fix clear targets for improving tax administration by 2022.
The Goods and Services Tax (GST), he said, has brought more than 17 lakh new traders into the indirect tax system within two months.
He asked them to ensure that the benefits of the biggest tax reform since independence reach the common man and even small traders with turnover below Rs 20 lakh are registered in the new system.
Asking taxmen to improve their work culture and incorporate both a sense of urgency and measurability in their performance, Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
Since coming to power in May 2014, Modi has assured taxpayers that he will remove the fear of tax officials hounding them by ushering in accountability and answerability.
Measures taken include cutting down physical interface between the taxpayer and official to curb corruption and easier online filing of returns and claiming of refund as also paperless email-based inquiry and e-scrutiny.
"The Prime Minister said human interface must be kept to a minimum in the tax administration's dealings. He asked for a push to be given to e-assessment and anonymity of proceedings using technology, so that vested interests do not impede the due course of law," an official statement said.
The government, he said, is working towards creation of an environment which shatters the confidence of the corrupt, and instills trust among the honest taxpayers.
Modi mentioned steps like demonetisation and implementation of stringent laws against black money and benami property in this regard.
Expressing dismay at the huge pendency of tax-related cases in adjudication and appeal, he said big sums of money locked up in these cases could have been used for the welfare of the poor.
He asked officers to come up with an action plan during the Rajaswa Gyan Sangam to eliminate pendency.
The closed-door two-day conference is being attended by senior officers of the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC).
CBEC in a Twitter post said, "Hon'ble PM @narendramodi directed the tax administrators to be friendly to the honest taxpayers."
The Prime Minister, according to the statement, asked officers to use data analytical tools to proactively track and determine undeclared income and wealth. Though efforts to increase tax revenue are made by officers each year, the estimated amounts of tax that should accrue to the system are often not realised, he said.
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