GSTR1, e-way bills data to be matched to curb tax evasion
To curb tax evasion, authorities will start matching details given in the Goods and Services Tax Return (GSTR) Form Number 1 with those given in the e-way bill.
The matching will begin with returns to be filed for April as it is the first month when the tax authorities will have both GSTR1 and e-way bill data. In the meantime,
tax authorities have issued notices to over 8,000 assessees for differences in sales figures of more than Rs. 50 lakh in their GSTR1 and GSTR3B forms. Notices have been
served on the basis of returns filed during August and December, 2017. Based on their response, a decision will be taken on how much tax and penalty they need to pay.
“Matching process will ensure supply of goods have been done properly,” Prakash Kumar, CEO of GSTN, the IT backbone of unified indirect tax system, told BusinessLine.
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