Govt. did not try out GST system before rollout: CAG
By The Hindu 31-Jul-2019
The report pointed out that the keystone of the tax system, the invoice matching system, had not yet been put in place even two years after the GST rollout. It added that compliance in terms of the number of returns filed had been falling month after month, and that the government had not been following the rules set out regarding the transfer of revenue to the States.
“Even after two years of rollout of GST, system validated Input Tax Credit through ‘invoice matching’ is not in place and non-intrusive e-tax system still remains elusive,” the report, tabled in Parliament on Tuesday, said.
“The complexity of the return mechanism and the technical glitches resulted in rollback of invoice-matching, rendering the system prone to ITC [Input Tax Credit] frauds,” the CAG said. “Without invoice matching and auto generation of refunds, assessments, etc. on the whole, the envisaged GST tax compliance system is non-functional.”
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