New Delhi: To discuss the various preparations related to the implementation of Goods and Services Tax (GST), considered to be the biggest reform in indirect taxation, the Chairman of the Empowered Committee of State Finance Ministers on GST and Bihar Deputy Chief Minister Sushil Modi held a meeting with Union Finance Minister Pranab Mukherjee.

With the next meeting of state finance ministers on GST scheduled for August 19, Modi is making desperate efforts to bring things back on track.

This will be his first meeting after Modi took over the charge of Chairman of the Empowered Committee of State Finance Ministers on GST. Modi will face the uphill task of bringing all state ministers to a unanimous decision on GST.

In addition, Modi also met UIDAI Chairman Nandan Nilekani to discuss about an initiative for centralized IT infrastructure for GST across the states. “Nilekani is creating a web portal for traders across the nation. This common portal will provide registration, returns and payments,” said Modi.

Interestingly, the portal will be based on the income tax PAN number to curb tax evasion practices. Apart from this, the Central Board of Customs and Excise will also be associated with this portal to check manipulation of VAT and customs duty.

Modi also discussed the implementation of UID project in Bihar. “Within five years, people of Bihar will get the unique card. The entire cost of the project runs into Rs 674.80 crore,” said Modi.

JPN/Bureau