After GST only 5% of returns may be picked up for scrutiny

By | November 5, 2016
(Last Updated On: November 5, 2016)

The Goods and Services Tax regime will bring in more simplified compliance procedures for taxpayers and just five per cent of all returns file will be selected for scrutiny annually.

“Just five per cent of cases will be chosen for scrutiny annually by the GST Network. All processes including filing of returns will be software based,” said Finance Minister Arun Jaitley on Friday, adding that the aim is to ensure that tax payers do not have to directly interact with the tax authorities.

This would akin to the system of online filing and processing of returns as well as computer aided scrutiny selection put in place by the Central Board of Direct Taxes.

“The objective of everyone is that the quality fo scrutiny must go up,” he told reporters while briefing on the GST Council’s discussion on administrative control under GST.

But despite online filing and processing of returns through the GSTN, Jaitley stressed that the system would identify non-filers.

Further, both the Centre and State governments would have concurrent jurisdiction to act against tax evaders based on intelligence and information.

(This article was published on November 4, 2016)source http://www.thehindubusinessline.com/
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