Use data analytics to track undeclared wealth: Modi

Source: The Hitavada      Date: 02 Sep 2017 07:40:56


 

NEW DELHI,

Sept 1,

(PTI),

PRIME Minister Narendra Modi on Friday asked tax officials to use data analytics to track undeclared wealth and fix clear targets for improving tax administration by 2022. Inaugurating the second edition of the annual ‘Rajaswa Gyan Sangam’ -- the joint conference of direct and indirect tax officials -- the Prime Minister asked taxmen to clear pendency of cases and create an environment that instills confidence among honest taxpayers and uproots corruption.

The Goods and Services Tax (GST), he said, has brought more than 17 lakh new traders into the indirect tax system within two months.He asked them to ensure that the benefits of the biggest tax reform since independence reach the common man and even small traders with turnover below Rs 20 lakh are registered in the new system.

Asking taxmen to improve their work culture and incorporate both a sense of urgency and measurability in their performance, Modi said officers must fix clear targets to improve the country’s tax administration by 2022, the 75th anniversary of Independence. Since coming to power in May 2014, Modi has assured taxpayers that he will remove the fear of tax officials hounding them by ushering in accountability and answerability.