Finance Minister Nirmala Sitharaman has asked the revenue departments under the Central Board of Indirect Taxes and Customs (CBIC) to use artificial intelligence, data analytics and internet of things (IoT) to identify leadages arising from frauds and tax evasion. She said that the traing for tax officials in all these areas would comence soon.
The FM was spealing in Navi Mumbai on Wednesday at the inauguration of Kendriya GST Parisar, a CGST Mumbai zone residential complex.
Earlier, Speaking at the same event, revenue sescretary Tarun Bajaj said CBIC officials were tasked with achieving the Rs 1.5-Lakh-crore collection milestone from October 2022.
Sitharaman said, “I have had a conversation with revenue secretary (Bajaj) and (CBIC Chairman) Vivek Johri. I hace requested that training be given on better utilisation of artificial Intelligence, data deep dive, IoT so that we can use technology to detect anywhere leakages are happening and where mischief makers are gaming the system, claiming wrong refunds, creating shell companies and colluding with the rare black sheep in the system.
She added thst training would make it easy for tax officials to identify and plug evasion and fraudulent claims.
She added that training would make it easy for tax offiials to identify and plug evasion and fraudulent claims. Internationally, tax authorities are using IoT technology to automate the scanning of goods using e-seals, QR codes and X-Ray Scanners.