<ul data-eligibleForWebStory="false"><li>The Group of Ministers (GoM) on GST revenue analysis discussed sector-specific tax leakages and measures to curb over Rs 2 lakh crore input tax credit frauds.</li><li>The GoM identified Input Tax Credit fraud as a major issue under goods and services tax and suggested various measures to prevent it.</li><li>State-wise revenue trends and actionable strategies for improved GST collection were reviewed during the meeting chaired by Goa Chief Minister Pramod Sawant.</li><li>The GoM will submit its report to the GST Council after further meetings, focusing on enhancing revenue, preventing frauds, and improving coordination between central and state tax administrations.</li></ul>

GoM On GST Revenue Analysis Discuss Tax Leakages, Plan Crackdown On Rs 2 Lakh Crore ITC Frauds

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