Sanjay Kumar Agarwal, chairman, Central Board of Indirect Taxes and Customs (CBIC), tells Fortune India what is driving the buoyancy in GST (goods and services tax) revenues.
Audit reports and other forms filed during the period totalled 1.60 cr, marking an increase from 1.43 cr audit reports and forms filed in the year-ago period.
According to the income tax department, out of the 3.06 crore ITRs filed till July 18, 2023, 2.81 crore ITRs have been e-verified, which means more than 91% ITRs filed have been e-verified.
The development comes days after the IT department extended the due date to file tax audits for the fiscal year 2021-22 by seven days due to technical glitch.
While emphasising the access and process of the IT returns in a quick, efficient and systemic manner, she said that “there should be no excuse for delay in the issue of tax refunds."
