CBIC rolls out Automated Return Scrutiny Module for GST returns


Share post:

the taxtalk

 253 total views

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application

This module will enable the officers to carry out scrutiny of GST returns of Centre Administered Taxpayers selected on the basis of data analytics and risks identified by the System. Discrepancies on account of risks associated with a return are displayed to the tax officers, which would enable them to issue intimation ASMT10.

We are already witnessing several intimations & notices in the recent times and such automations would only increase the quantum. Honestly, this news isn’t a surprise! Most of the ASMT10 are issued with apparent differences which is available as automated reports to the officer. When the burden of proof is always on the taxpayer, such automations would help revenue to initiate proceedings with ease.

Undoubtedly, data & compliances are the fulcrum in GST as compared to erstwhile law. One can avoid inviting litigations by ensuring highest tax compliance level in apparent records!


Source link


Please enter your comment!
Please enter your name here


Related articles

Qantas Airways’ international flying to be twice as lucrative in post-Covid era

Bloomberg | | Posted by Zarafshan Shiraz Qantas Airways Ltd. said international flying will be at...

European tourism: 5 things to know about Moldova, one of Europe’s poorest countries with 300 days of sunshine per year

Moldova, which hosts the second summit of the European Political Community on Thursday where 47...

Air France flight to Paris turns back to Osaka in Japan after malfunction

Reuters | | Posted by Zarafshan Shiraz, Tokyo An Air France KLM SA passenger plane flying...

Senior travel made easy: Tips for older adults to plan your summer getaway

Summer travel is a fantastic opportunity for older adults to explore new cultures, witness new...