Technological personnel of CBIC won’t spare tech-savvy frauds

Finance Minister Nirmala on Wednesday lauded the efforts of the and underlined the need for training personnel for better utilization of Artificial Intelligence and data analytics.

On Wednesday Nirmala Sitharaman, Finance Minister of India praised the efforts put in by the Central Board of Indirect Tax and Customs (CBIC) and raised the concern about training personnel for better utilization of AI and data analytics.

“You keep doing good work, generating revenues, you are noticed for it, Prime Minister made a special appreciative mention recently on the level of GST revenues,” she said while inaugurating ‘Kendriya GST Parisar’, the housing complex for CGST officers of Mumbai zone in Kharghar, Navi Mumbai.

The Finance Minister spoke that acquaintance with Artificial Intelligence and Data analytics would aid personnel to track down fraudulent malpractices such as detection of tax evasion. 

She was happy and impressed by the working of the Central Intelligence Unit team of CGST Mumbai Zone for using fantastic and updated tools available for large-scale tax evasion that lead to recovery and booking of offenders. 

She wants the department to work in the best way they are and also be updated with the changing world so that they would be able to tackle crime related to this field. 

CBIC Chairman Vivek Johri said that 7 percent of GDP and 40 percent of foreign trade are contributed by Mumbai.

Mumbai Customs Zone contributes 25 percent and Mumbai CGST 18 percent of GST revenue in the country whereas 14 percent of CBIC is in Mumbai itself, he added.

Revenue Secretary Tarun Bajaj was also present on the occasion.

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