Punjab Government Launches Software to Combat Tax Evasion
In a significant move to tighten the noose around tax evaders, the Punjab government has taken action by deploying innovative software designed to detect and monitor tax evasion cases.
Sam Morgan
- 2023-12-27
- Updated 10:14 PM ET
(NewsNibs) - The state's Excise and Taxation Department, in a joint venture with IIT Hyderabad, has developed a sophisticated software system aimed at identifying individuals and businesses dodging tax responsibilities. The software is equipped with capabilities to feed in taxpayer data and signal the authorities about those who are behind schedule on their tax payments or evading them entirely. As per the government's records, detected tax evasion amounts range widely, with debts lying between 150,000 to 15 million Indian rupees. Responding to numerous complaints from several districts regarding tax evasion, the government has put in place an aggressive plan for tax recovery and instructed senior officials to enforce it strictly.
Enforcement and Recovery Plans
Technology Integral to Tax Compliance
The introduction of this software aligns with the government's broader enforcement strategy to clamp down on tax evasion. It reflects a significant step towards modernizing the Punjab government's approach to tax compliance, promising more accurate identification and action on tax defaulters. The new software is expected to serve as a pivotal tool for the Excise and Taxation Department, providing reliable data that will help bridge the tax collection gap and bolster the state's finances. As implementation progresses, the government anticipates a marked improvement in tax compliance, contributing to more equitable and efficient public revenue management.
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