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No More Tax Evasion Possible After GST Return Matching Tool

GST Return Matching Tool

GST Network is putting efforts towards establishing a system which can assist the government to take action against the tax evaders and the persons who do not file returns. In the current system, the returns are not matched, but the GSTN is working on a tool which can match GSTR-3B with GSTR-1 in order to help the central and state tax officers.

In addition, GST officers and taxpayers will also able to get a dashboard just like available for the Income-taxpayers. With the dashboard, the taxpayers and officers will be able to get the details about the respective taxpayers, available tax credit, and other information.

Read Also: Free Download Gen GST Software Demo for GST Solution

This change will make people file the returns on time and if they do not, they will get a notice. Income tax department is also working on the matter that people should not skip the return filing practice.

According to sources, the government’s aim is to expand the tax filing base. Some financial ministers also complained that the applicable parameters are collecting low revenue.

The system will also look into reasons for a delay in GST return filing by the traders. However, An official mentioned that such sorts of taxpayers are less in number. GSTN will start sending notices to the taxpayers who do not pay tax on time. This way will make the late payers pay the taxes on time and also give feedback about the network if there is anything to improve in the system.

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