Recommendations regarding Data Analytics made by the GST Council

Recommendations regarding Data Analytics made by the GST Council during it's 26th meeting. In the 26 th meeting held here today , the GST Co

CA Deepak Gupta

Mar 10, 2018

Last update on Mar 10, 2018

Recommendations regarding Data Analytics made by the GST Council during it's 26th meeting.

In the 26^thmeeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The outcome of preliminary data analysis has revealed interesting insights:

It has emerged that there is variance between the amount of IGST & Compensation Cess paid by importers at Customs ports and input tax credit of the same claimed in GSTR-3B.
There are major data gaps between self-declared liability in FORM GSTR-1 and FORM GSTR-3B.

It was deliberated that this information may be further analysed and adequate action may be initiated accordingly.

For More updates of the meeting please refer:

26th Meeting of the GST Council extends tax exemptions for exporters for six months
Recommendations made during the 26th meeting of the GST Council
Recommendations regarding E-way Bill made during meeting of the GST Council

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CA Deepak Gupta

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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.