Use of data analytics helping government detect GST evasion, says top tax official
The principal chief commissioner of central taxes (Bangalore zone) AK Jyotishi has warned dealers against GST evasion, saying that the department now has the technology backbone to detect such instances of tax evasion.
The government is using data analytics, and the defaulters are being detected, he said, speaking at Workshop on GST: Practical Requirements and Challenges organised by Bangalore Chamber of Industry and Commerce (BCIC) here on Friday.
There is an impression that tax assessees can get away by not complying with GST law believing that the GST authorities are still using manual methods. “But let me flag you, after the initial handholding and a go-slow attitude, which was deliberate, we now have all the wherewithal to track tax defaulters and will act with a stern hand, if tax payers continue to default,” he said.
In Bengaluru, the commercial taxes department, on Thursday, arrested two businessmen on charges of committing serious fraud under the GST laws after the department’s data analytics software (GSTPro) threw up hints at a string of suspicious transactions involving ARS Enterprises, a business in Chikkabanavara dealing in ferrous and non-ferrous scrap.
http://economictimes.indiatimes.com/articleshow/65728974.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The government is using data analytics, and the defaulters are being detected, he said, speaking at Workshop on GST: Practical Requirements and Challenges organised by Bangalore Chamber of Industry and Commerce (BCIC) here on Friday.
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| source:India Tv |
There is an impression that tax assessees can get away by not complying with GST law believing that the GST authorities are still using manual methods. “But let me flag you, after the initial handholding and a go-slow attitude, which was deliberate, we now have all the wherewithal to track tax defaulters and will act with a stern hand, if tax payers continue to default,” he said.
In Bengaluru, the commercial taxes department, on Thursday, arrested two businessmen on charges of committing serious fraud under the GST laws after the department’s data analytics software (GSTPro) threw up hints at a string of suspicious transactions involving ARS Enterprises, a business in Chikkabanavara dealing in ferrous and non-ferrous scrap.
http://economictimes.indiatimes.com/articleshow/65728974.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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