GST: CBEC Issues Guidelines for division of Tax Payer base between the Centre & State
GST: CBEC Issues Guidelines for division of Tax Payer base between the Centre & State.
Based on the recommendations of the Goods and Services Tax (GST) Council, the Central Government on Wednesday issued guidelines on for the division of tax payer base between the Centre & State.
The Council after Its January and September 2017 meeting had decided that Ninety per cent of the Tax payers below turnover of 1.5 Crore shall be under the administrative control of the State. Remaining 10 per cent shall be controlled by the Central Government. Also, Tax payers above the threshold of 1.5 crore shall be equally divided among the Centre and States.
It was also decided that the division of tax payers in each State shall be done by computer at the State level based on stratified random sampling and could also take into account the geographical location and type of the tax payers.
The circular issued by the Central Board of Excise and Customs (CBEC) last day instructed that the State Level Committee who are in charge of ensuring effective co-ordination between the Centre and States to take necessary steps for division of tax payers in each State.
Read the full text of the Circular below.