In order to plug loopholes and check evasion, GST officers will come out with measures to device a standard operating procedure and measures to check valuation of exports. Checking of export valuation includes capping of value for calculating export benefits and incentives. The Central Board of Indirect Taxes and Customs’ GST policy wing presented various measures in the pipeline for increased compliance management and revenue augmentation.
GST officers to take steps to check export valuation, devise SOP for verification of risky taxpayers
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