The Finance Secretary, Mr
Hasmukh Adhia, has said that new GST return forms would be introduced from
January 1 after successful beta-testing of the software.
He said wrong input tax
credit claims are a potential area of evasion in the Goods and Services Tax
(GST) regime and one-to-one invoice matching is the key to checking evasion.
Talking on the scope for
rationalisation in the highest tax bracket of 28 per cent at an event, the
Finance Secretary said reducing the number of items in the tax slab would
depend on the revenue position of the government, reports said.