List of Risk factors that can lead to a GST notice x The data powerhouse - GST Hove you ever wondered wnat kind of « dats powethouse the GST system ie? With every single sale/purchase transaction owing through the GST network, I has become a source of massive data on businesses fr the tax departments. Tax departments can access this data at a lek of afew buttons Some simple ruber ctuncning ean make it possible forthe taxman to do cross Inkoges between every ‘sale and purchase made in the country With access to this kind of detailed information it's easy to see thot the incirect tax deporiments can now deploy advanced! analytics to lently fraudulent toxeayers Why is this a big deal \With access to massive amounts of data on GST, states are now filly capable of using advanced conalytics to identity red fags in yout GST reporting, The GST fing system is capable af throwing up risk fociors end also suggest to the tax offcer as to how they must investigate, A certain directive issued by {estate even lays dovin the rsk parameters on ITC availed by companies Ok, tell me the risk factors they've enlisted Lets tote alook at some ree factor listed in a certain document for use by income tax officers = + MCutiisavon greater than § times of cash + Disparity in GSTR-24-GSTR-SB ITC Comparison + MC ovalled after due dete {+ GSTR-1vs GSTR 3B mizmaten ‘+ GSTR 3B Vs E-way bleomparison mismaten + Turnover less than TDS and TCS This looks like trouble Inacertain directive sued by a Commissioner, a detailed explonation ofthe risk factors wa listed out This has @ step by step procedure of how the GST systom works ancl how the tax oficer can investigate if there are ciserepancies in tx flags. What can you do? Putin system that mitigates yours, signifcantly, How to de that? You need to pre-erpt ppossinily of there errars taking place. For the vendiars to be mativated todo compliance timely, and to bbe (unfortunately penalised for being non-complant. To ensure your tepoting ison 29p (no GSTR mismatches). Ask us how, Here nar aecorome 10 You a) < PV Kachcha papad weList of Risk factors that can lead to a GST notice x The data powerhouse - GST Hove you ever wondered wnat kind of @ dats powethouse the GST system ie? With every single sale/purchase transaction owing through the GST network, I has become a source of massive data on ‘businesses fr the tax departments. Tax departments can access this data at a lek of afew buttons Some simple ruber ctuncning ean make it possible forthe taxman to do cross Inkoges between every ‘sale and purchase made in the country With aecess to this kind of detailed information it's easy to see thot the incirect tax deporiments can now depley advanced! analytics 10 elentlytrauculenttoxeayers Why is this a big deal \With access to massive amounts of data on GST, states are now fly capable of using advanced Conalytics to identity red fags in your GST reporting, The GST fing ystems capable af throwing up risk foctors end also suggest to the tax offcer as to how they must investigate, A certain directive issued by {estate even lays dovin the rsk parameters on ITC availed by comoanies. Ok, tell me the risk factors they've enlisted Lets tote alook at some ree factor listed in a certain document for use by income tax oficer ~ + MCutiisavon greater than § times of cash + Disparity in GSTR-24-GSTR-SBITC Comparison + MC evalled after due dete {+ GSTR-Ivs GSTR 38 mismaten + GSTR 3B Vs E-way bleomparison mismaten + Turnover less than TDS and TCS This looks like trouble Inacertain directive ‘sued by a Commissioner, a detailed explonation ofthe risk factors wa listed out ‘This has @ step by step procedure of how the GST systom works are! how the tax officer can investigate if there ae ciserepancies in tox flags. What can you do? Putin system that mitigates yours, signifcantly Haw to do that? You need to pre-erpt ppossinily of there errs taking place. For the vendors to be mativated todo compliance timely, and to bbe (unfortunately penalised for being non-complant. To ensure your teporting ison 29p (no GSTR mismatches). Ask us how, Here nar aecorome 10 You a) < PV Kachcha papad 22.