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I-T profiling to help revenue dept nab those claiming fake GST credits

The move is aimed at identifying unscrupulous persons who try to avail or pass on input tax credit fraudulently by generating fake invoices

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Photo for representational purpose

Photo for representational purpose

The government proposes to match GST data mentioned in Form 26AS with the turnover numbers provided while filing income tax returns.

The move is aimed at identifying unscrupulous persons who try to avail or pass on input tax credit fraudulently by generating fake invoices. In such cases, the revenue department had found that checking income tax profiles of suspected entities gave the right results on the extent of tax evasion, both on direct and indirect taxes.

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