GST : Govt to integrate FASTag machanism

GST : Govt to integrate FASTag machanism

Agency News

New Delhi, Jun 24: The Government proposes to integrate a FASTag bank mechanism with e-way bill and logistic data services to track movement of goods and check GST evasion, the Lok Sabha was informed on Monday.
The Government is contemplating integration of e-Way Bill mechanism of GST with FASTag System of National Highway Authority of India (NHAI). The aspect of Logistic Databank integration with FASTag System is being examined, Union Finance Minister Nirmala Sitharaman said in a written reply here.
In another query, Ms Sitharaman said the implementation of GST has led to the removal of cascading effect of taxes in the economy as well as promoting free movement of goods across states, thereby creating “one nation, one market”.
A simplified tax regime has resulted in reduced compliance burden for taxpayers and promoting ease of doing business in the country, she added.
She said return filing is a continuous process and technical glitches and system related issues are addressed by the Goods and Services Tax Network (GSTN) to ensure smooth filing. Also, taxpayers committed errors while filing returns due to lack of familiarity with the new system. (UNI)