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GST Dept Accesses Banking Transactions.

GST Department Set to Access Banking Transactions of Taxpayers: A Move Towards Curbing Tax Evasion and Improving Compliance

The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was implemented on July 1, 2017, and has since been a critical source of revenue for the government. The GST department has been making efforts to streamline the tax collection process and plug revenue leakages. In a significant move towards this goal, the GST department is set to get access to banking transactions of taxpayers.

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