47th GST Council Meeting: Measures for improving IT Reforms under GST
The GST Council’s 47th meeting was held in Chandigarh on June 28th and 29th, 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made recommended to improve the Information Technology (“IT”) Reforms:
- Artificial intelligence and Machine Learning based mechanism to verify the antecedents of the GST registration applicants.
- An improved risk-based monitoring behavior of the registered persons in order to identify non-compliant tax payers for taking appropriate action so as to minimize risk to exchequer.
The Press release can be accessed at - https://www.pib.gov.in/PressReleasePage.aspx?PRID=1838020