Punjab to Launch Special Fraud Detection Unit for Tackling GST Violations
Punjab's Finance Minister, Harpal Singh Cheema, announced the establishment of a Special Fraud Detection Unit in Patiala to address high-value GST violations. This unit aims to dismantle tax fraud networks via advanced technological methods including data analytics and AI, ensuring economic stability by promoting tax compliance.
- Country:
- India
In a bid to tackle high-value tax violations, Punjab Finance Minister Harpal Singh Cheema has announced the creation of a Special Fraud Detection Unit (SFDU) in Patiala. The new unit is dedicated to exposing and probing Goods and Services Tax (GST) frauds such as circular trading, benami transactions, and fake invoicing practices.
The SFDU is equipped with advanced technologies, including artificial intelligence and data analytics, to enhance its operational efficiencies. It will conduct thorough data mining and pattern recognition to spot anomalies in tax returns and transaction networks. The unit's multidisciplinary team, comprising experienced tax officers and IT experts, will focus on identifying and prosecuting dubious taxpayers while sparing compliant individuals from unnecessary scrutiny.
Backed by robust legal frameworks under the CGST and Punjab GST Acts, the unit is an integral part of Punjab's effort to secure its revenue streams and dismantle tax fraud networks, ensuring long-term economic stability. The initiative marks a decisive step toward promoting a culture of compliance and safeguarding the state's financial integrity.
(With inputs from agencies.)
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