Now the trades and businesses fear excessive scrutiny of their records by government. Mahesh Jaising, a Partner at Deloitte India said, “They are calling upon the companies, looking at export revenues and saying that you may not export on this parameter or not. So, investigations have started sooner than later. That is the bigger worry that we have.” In the 38th GST Council meeting, it was decided not to raise rates or compensation cess as most states suggested better compliances. The Council has also decided to initiate an action against fraudulently claiming of input tax credit.
With Rs.1.1 lakh crore monthly GST collection target, businesses fear excessive scrutiny from government
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