GST

GSTN has started sharing data with tax authorities

GSTN has started sharing data with tax authorities on the following:

a. Mis-match between figures reported in GSTR-1 & GSTR-3B.

b. Mis-match between figures reported GSTR-3B &that computed by the system in GSTR-2A.

c.Taxpayers who have generated e-way bill but not filed tax returns

GSTN has started work on BI & Analytics. Different scenarios of BI have been identified on which work is going on such as Persona based Analysis, Predictive Analysis, Fraud/Anomaly Detection, Statistical Scoring, 360 degree view taxpayers, Circular Trading & Network Analysis etc.

Other important initiatives/improvements made for better User experience include: Suggested utilisation of ITC informed to the taxpayer for discharging tax liability, and Contextual help for GST transactions like Registration, Returns, Payment, etc.

Other important initiatives/improvements made for better User experience include: Option to generate pre-populated Challan by the system to avoid depositing Cash in wrong Head by the taxpayers; and Introduction of one click Nil return filing.

Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives/improvements made for better User experience include among others a Questionnaire for filing GSTR-3B to avoid errors by taxpayers.

GSTN will focus on the development of a New Return Filing,further improving the user interface, and Business Intelligence and Analytics.While the New Return is yet to be notified, GSTN has started development of the components in which major changes are not expected.

Share

Recent Posts

  • Income Tax

AO can’t take two different stands on immunity u/s 270AA(2) for a same transaction

Immunity u/s 270AA(2) in respect of a single transaction can not be denied to one assessee when the penalty was…

18 hours ago
  • Income Tax

ITAT held 2000 gram jewellery reasonable in view of customary practices & CBDT Instruction

ITAT deleted addition u/s 69A towards jewellery found in search in view of Indian traditions, CBDT Instruction and High Court…

1 day ago
  • Income Tax

Documents obtained post search & information obtained from public domain not incriminating material

Documents obtained post search and information obtained from the public domain not incriminating material. Documents obtained by AO post search…

3 days ago
  • Income Tax

No second reopening for unexplained credits in bank due to bank’s name change

Information of deposits in bank did not constitute fresh information necessitating second reopening due to change in bank name In…

3 days ago
  • Empanelment

FDCM invites application for empanelment of practising CAs/ Chartered Accountant Firms

Invitation For Empanelment Of Practising Chartered Accountants / Chartered Accountant Firms Forest Development Corporation of Maharashtra Limited (FDCM Limited), Nagpur,…

1 week ago
  • Empanelment

PGRI invites application for CAs for empanelment for Circulation Verification work

Press Registrar General of India (PGRI) invites application for empanelment of Chartered Accountants. The Press Registrar General of India manages…

1 week ago