CBDT to mine GST data to check evasion – The Hindu Business Line

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  • By Taxmann
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  • Last Updated on 26 October, 2020
The Hindu “The Income Tax Department wants to mine the GST payments data of businesses to ensure that no income goes untaxed.
 
The Central Board of Direct Taxes (CBDT) wants firms availing presumptive taxation facility and also certain companies (not subjected to tax audit) to furnish GST-related payments information in their income tax returns. This has been specified in the new set of income tax return forms notified by the CBDT for Assessment Year 2018-19.
 
Naveen Wadhwa, DGM, Taxmann.com, said the data on GST transactions would help the department reconcile transactions reported in the returns.”
 
 
Read the full story here: CBDT to mine GST data, The Hindu

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