• Notification Date: 08-07-2023
• Notification No: N/A

Centre to Notify Rules for Setting GST Tribunal

The upcoming GST Council meeting will address the rules and regulations for creating a committee to constitute an appeal tribunal under the Goods and Services Tax (GST) system, after which the rules would be issued by the Centre.  

According to media reports, the Central Board of Indirect Taxes and Customs (CBIC) members stated on Monday that the Council's consent is required before the appeal tribunal's members can be chosen. 

CBIC Member Shashank Priya stated at the GST conclave of the Federation of Indian Chambers of Commerce & Industry (FICCI) that the GST authorities are also trying to increase the taxpayer base and engage in greater data triangulation with the corporate taxpayers database in the income tax system. Only 40 per cent of the corporate income taxpayer base is currently registered under GST, compared to 1.39 crore businesses—nearly twice as many as at the time the indirect tax system was introduced six years ago. 

“We are operating in a calibrated manner rather than using a big bang strategy. More trade-friendly actions are being taken,” according to Priya. "We are in the process of disseminating rules following Council approval. We must put the necessary structures and manpower in place. We anticipate completion sooner," he stated. 

Priya said there are some businesses who have misused the registration process and now the CBIC is working to tighten the registration process and use information technology to catch fraudsters. 

He claimed that in the ongoing, two-month-long effort by central and state tax inspectors to catch phoney registration, 45,000 bogus GST registrations totalling Rs 13,900 crore in tax evasion are being investigated. The authorities have also stopped fraudulent ITC claims totalling Rs. 1,430 crore.