
Sitharaman calls for speedy closure of investigations, easier GST registration process
Union Finance Minister Nirmala Sitharaman on Friday called for speedy closure of investigations, measures to prevent tax evasion and wrongful input tax credit claims, and underlined the need to make the 'GST registration process easier, seamless, and more transparent' for taxpayers. Chairing a conclave with senior field officers from Customs, Goods and Services Tax (GST) and Central Board of Indirect Taxes and Customs (CBIC), she also stressed on the need for zone-specific action plans to improve upon various parameters such as GST registration, processing of refunds, and handling taxpayers' grievances.
The wide-scale evasion under the GST regime, the need to reduce the gap between detection and recovery during investigations featured as the key discussion points in the meeting of officers from the Central. More technology-linked and risk-based compliance measures were also stressed upon during the meeting, officials said.
As per the Ministry, GST audit coverage rose to 88.74 per cent in FY 2024-25. Detected GST evasion stood at Rs 2.23 lakh crore in FY25, with voluntary payments totalling at Rs 28,909 crore.
Customs and GST officers were asked to undertake analysis on detection and recovery and to seek solutions to reduce the gap between detection and recovery, a statement from the Ministry of Finance said. 'The CBIC was urged by the Finance Minister to expedite the processing of GST and Customs refunds to ensure timely redressal and ease of doing business, especially for MSMEs and exporters,' it said.
Officers have been urged to reduce dwell time at seaports, airports, and Inland Container Depots (ICDs) for both imports and exports, with emphasis on faster cargo clearance. The Union Finance Minister also directed the central GST formations to launch targeted awareness campaigns among taxpayers, trade associations, and industry bodies about mandatory documentation required for GST registration, particularly those related to the principal place of business. 'This, the Union Finance Minister emphasised, would help reduce rejections and delays in registration and enable faster processing of applications,' the statement said.
Ahead of the conclave, field officers were asked to submit details regarding pending refunds, investigations, adjudications, litigation along with the number of frauds and recoveries. In a series of missives sent to the field officers last week, the CBIC and CBDT had sought detailed information regarding the pendency claims, pending refunds, frauds, investigations and the cases stuck in litigation. The Central Board of Direct Taxes (CBDT) will host a similar session with its field officers on June 23.
Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there.
... Read More

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
16 minutes ago
- Hindustan Times
Internal rift in Karnataka? Congress MLA alleges ‘administrative collapse', threatens to resign
BJP MP Tejasvi Surya criticizes Karnataka's Rs 18,000 crore tunnel road project, calling it unscientific and financially unsound. He questions the project's feasibility, high toll costs, and potential public fund drain, challenging the government's transportation strategy.


Business Standard
17 minutes ago
- Business Standard
Solar Inds arm bags supply contract worth Rs 158-cr from Ministry of Defence
Solar Industries India said that its wholly owned subsidiary, Solar Defence & Aerospace has signed contract with Ministry of Defence, Government of India, to supply defence products. The contract is valued at Rs 158 crore and is to be delivered within a period of one year. Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries. The companys consolidated net profit jumped 37.09% to Rs 322.23 crore on 34.51% increase in revenue from operations to Rs 2,166.55 crore in Q4 FY25 over Q4 FY24.


Business Standard
17 minutes ago
- Business Standard
Volumes spurt at Chennai Petroleum Corporation Ltd counter
Chennai Petroleum Corporation Ltd notched up volume of 125.38 lakh shares by 14:14 IST on NSE, a 8.45 fold spurt over two-week average daily volume of 14.83 lakh shares Alkyl Amines Chemicals Ltd, Mangalore Refinery And Petrochemicals Ltd, L T Foods Ltd, Zee Entertainment Enterprises Ltd are among the other stocks to see a surge in volumes on NSE today, 23 June 2025. Chennai Petroleum Corporation Ltd notched up volume of 125.38 lakh shares by 14:14 IST on NSE, a 8.45 fold spurt over two-week average daily volume of 14.83 lakh shares. The stock rose 10.40% to Rs.698.80. Volumes stood at 15.17 lakh shares in the last session. Alkyl Amines Chemicals Ltd registered volume of 5.5 lakh shares by 14:14 IST on NSE, a 7.67 fold spurt over two-week average daily volume of 71686 shares. The stock rose 3.57% to Rs.2,139.70. Volumes stood at 3.51 lakh shares in the last session. Mangalore Refinery And Petrochemicals Ltd witnessed volume of 173.99 lakh shares by 14:14 IST on NSE, a 6.37 times surge over two-week average daily volume of 27.32 lakh shares. The stock increased 6.81% to Rs.144.25. Volumes stood at 18.44 lakh shares in the last session. L T Foods Ltd clocked volume of 39.61 lakh shares by 14:14 IST on NSE, a 5.14 times surge over two-week average daily volume of 7.71 lakh shares. The stock lost 6.41% to Rs.405.10. Volumes stood at 24.33 lakh shares in the last session. Zee Entertainment Enterprises Ltd notched up volume of 1064 lakh shares by 14:14 IST on NSE, a 4.54 fold spurt over two-week average daily volume of 234.58 lakh shares. The stock rose 10.66% to Rs.147.27. Volumes stood at 147.56 lakh shares in the last session.