GST INDIA Biz
GST India .biz — Press Release Details
Detailed GST Press Release Information
Download

Press Release

Date: March 10, 2018
Subject: GST Council Reviews Use of Data Analytics to Detect Compliance Gaps under GST
Description:

The GST Council, in its 26th meeting held on 10 March 2018, was informed about the initiation of detailed data analytics exercises by the Central Board of Excise and Customs (CBEC) and the GST Network (GSTN) to strengthen compliance monitoring under the GST regime. The Council was apprised that multiple data sets available with tax authorities were being analysed to identify inconsistencies and potential risk areas. Preliminary analysis revealed significant variances between the amount of Integrated GST (IGST) and Compensation Cess paid by importers at Customs ports and the corresponding input tax credit claimed by them in FORM GSTR-3B. In addition, major discrepancies were observed between the self-declared tax liabilities reported by taxpayers in FORM GSTR-1 and FORM GSTR-3B. The Council deliberated on these findings and noted the need for deeper analysis of the data to understand the underlying causes of such mismatches. It was agreed that based on further examination, appropriate action could be initiated to address compliance gaps, curb revenue leakage, and improve the accuracy of return filing. This discussion highlighted the growing role of data analytics in GST administration as a tool for risk assessment, informed enforcement, and strengthening the overall integrity of the GST system.

Other Press Releases

GST Rate Reduction and Incentives to Promote Electric Vehicles

The press release issued by the Ministry of Finance on 27 July 2019 outlines key...

Read More
GST Council Constitutes Group of Ministers to Examine Revenue Mobilisation for Natural Calamities

The GST Council, during its 30th meeting held on 28 September 2018, deliberated ...

Read More
Major GST Rate Rationalisation and Citizen-Centric Reforms Approved by the 56th GST Council

The 56th meeting of the GST Council, held in New Delhi under the chairpersonship...

Read More