Revenue Secretary Ajay Bhushan Pandey said on Saturday that profiling of thousands of businesses and traders has helped in boosting Goods and Services Tax receipts. The basis for profiling is tax evasion risk they pose and such abuse of the system needs to be stopped. Pandey said that a large number of tax payers are fully compliant with tax laws and that officials make sure there is no overreach while dealing with assessees. “State finance ministers have told us about the loopholes due to which revenue was getting lost. To address these loop holes, we have taken a lot of steps. We think it (GST receipts) will improve,” said Sitharaman.
