GST: Department Issues Guidelines for Revenue Comparison for Pre-GST & Post- GST Era [Read Letter]

After five months of roll out of the historic Goods and Services Tax (GST) law, the Government is keen to know the revenue comparison  difference under the old and new tax regime.

With a view to compare revenue under both the pre-GST and post-GST period, the department has now issued some instructions to the field officers who has been entrusted with the duty to collect data.

For the collection of data, top 100 assesses may be taken by each of the commissionerates based on Central Excise and Service Tax revenue of 2016-17.

The recent missive issued in the name of Special secretary, it was stated that one or two such Units be assigned to one officer for detailed analysis.

“For this purpose analysis should take into consideration the CGST, SGST, IGST revenue and compensation/cess (wherever applicable). Comparison of the same may be done with pre-GST revenue of the corresponding period, and wherever feasible VAT and CST revenue should also be taken into account. The study should also include the pattern and quantum of Input Tax Credit (ITC) availed and CGST utilised CGST/ITC availed in form TRAN I and its comparison with the pre GST period and any abnormal or unusual availment of ITC may be pointed out by comparing the TRAN I ITC availed with the average ITC balance during pre-GST,” he said.