Categories: Business

Tripura starts using AI to identify tax evaders: CM Manik Saha

Tripura Chief Minister Manik Saha on Saturday said the state has been using artificial intelligence (AI) to identify tax evaders and will take action against them.

While addressing GST ‘Jaagrookta Abhiyan’ at Prajna Bhavan, the chief minister said the tax collection plays a key role in accelerating development in the northeastern state.

  • Read also: SLBC tunnel mishap: 7 workers trapped, rescue operations on

“Of the state’s annual budget of ₹27,800 crore in the 2024-25 financial year, its own revenue stands at ₹3,700 crore. Only ₹10,000 crore remained after meeting the non-plan expenditure- salary, pension, loan and interest of loan. The state needs to pay 25 per cent of its own revenue ( ₹3,700 crore) to Tripura Tribal Areas Autonomous District Council (TTAADC) and 10 per cent to Urban Local Bodies (ULBs),” he said.

Emphasising on more tax collection by preventing evasion, the chief minister said the development depends on the tax collection.

“If there is more tax, there will be more development. The government is taking all possible steps to collect taxes to ensure the building of more infrastructure. There have been instances of tax evasion through fake input tax credits and misuse of GST Analytics & Intelligence Network (GAIN). The tax department has introduced Artificial Intelligence to prevent misuse of the existing system,” he said.

The chief minister also urged the people to pay GST as they are “partners” of the state’s growth momentum.

“Those who skip GST should be brought into the ambit because the fund is required to accelerate development and infrastructure building. Prime Minister Narendra Modi wants to see India become ‘Viksit Bharat’ by 2047. It will not be possible if we fail to make each state developed by 2047,” he said.

  • Read also: Tata Technologies signs ₹95.65 crore deal to upgrade Tripura ITIs

Saha also said the taxation system has been integrated after the introduction of the GST, and the department has started using AI-enabled analytics tools to identify tax evasion to take necessary steps.

“The tax evaders will have to face the law if they continue with their old practice as the system has already been strengthened,” he stated.

Source link

nasdaqpicks.com

Recent Posts

Europeans will need to decide which Russian sanctions to keep

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…

1 minute ago

Smart window changes colour, stores energy

Researchers have developed advanced self-charging smart windows that change colour and store energy, offering a…

4 minutes ago

All eyes on AP’s Budget FY26 as CM Naidu struggles to strike a balance between welfare schemes and development

As Andhra Pradesh Assembly Budget sessions are set to begin on Monday, all eyes are…

11 minutes ago

American hardwood furniture with personal ‘talismanic’ inlays

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…

17 minutes ago

Godrej Enterprises to invest ₹200 crore more in Dahej facility

Godrej Enterprises Group will invest an additional ₹200 crore to expand its manufacturing facility in…

18 minutes ago