Rs 52,000 cr of tax evasion detected from July 2017-April 1, 2021

Rs 52,000 cr of tax evasion detected from July 2017-April 1, 2021 Rs 52,000 er of tax evasion detected from July 2017-April 1, 2021 as per sources. G…

Rs 52,000 cr of tax evasion detected from July 2017-April 1, 2021
Rs 52,000 er of tax evasion detected from July 2017-April 1, 2021 as per sources. Govt to look at further tightening GST tax leakages. CBIC intelligence & system-generated alerts a new tool to curb tax leakages.
Central Board of Indirect Taxes & Customs to soon introduce mandatory quarterly scrutiny of GST returns. Scrutiny exercise aimed at better compliance & enhancement of GST collections. Fake invoices are noted as the biggest tax evasion practice by taxpayers. CBIC to Use biz intelligence & other enterprise data available to run quarterly scrutiny. Scrutiny involves risky GST returns identified by system-generated red flags.
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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.
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