The government has launched an automated system for scrutinising Goods and Services Tax (GST) returns. This new module, developed by the Central Board of Indirect Taxes and Customs (CBIC), uses data analytics to identify discrepancies. Experts suggest that businesses with mismatches between different tax returns may receive official notices as a result.
The central governments rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees getting notices in cases where there are data mismatches between different types of tax returns,said experts.
The finance ministry said on Thursday that the Central Board of Indirect Taxes and Customs (CBIC) has rolled out an automated scrutiny module for GST returns for central GST officers. The idea is to enable the officers to carry out scrutiny of GST returns
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FAQ :
The central government has rolled out an automated scrutiny module for Goods and Services Tax (GST) returns.
The Central Board of Indirect Taxes and Customs (CBIC) has rolled out the automated scrutiny module.
The module enables central GST officers to carry out scrutiny of GST returns using data analytics and risk identification by the system.
Experts suggest that assessees could receive notices in cases where there are data mismatches between different types of tax returns.