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CBIC issues SoPs for scrutiny of GST returns for FY20
onwards
As per the SoP released Friday, selection of returns for
scrutiny will be done by the Directorate General of
Analytics and Risk Management (DGARM) based on various
risk parameters identified by them.
Detailing the standard
operating procedure (SoP) for scrutiny of tax returns
from the financial year 2019-20 onwards under the Goods
and Services Tax (GST) regime, the Central Board of
Indirect Taxes and Customs (CBIC) has stated that the
analytics unit will identify returns for scrutiny
depending on various risk parameters.
As per the SoP released Friday, selection of returns for
scrutiny will be done by the Directorate General of
Analytics and Risk Management (DGARM) based on various
risk parameters identified by them. DGARM will select
the GSTINs registered with the central tax authorities,
and the details of GSTINs selected will be made
available on the scrutiny dashboard of the concerned
Central Tax officer on ACES-GST application.
“The details of the risk parameters, in respect of which
risk has been identified for a particular GSTIN, and the
amount of tax/ discrepancy involved in respect of the
concerned risk parameters (i.e. likely revenue
implication), will also be shown on the scrutiny
dashboard of the proper officer for their convenience,”
the SoP said. Earlier this month, the CBIC had rolled
out a module for automated scrutiny of GST returns. The
module enables tax officers to carry out scrutiny of GST
returns of Centre-administered taxpayers selected on the
basis of data analytics and risks identified by the
System.
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Amid rising instances of GST frauds and cases of fake
invoices, the government has been taking steps to
broaden the compliance mandate for more businesses,
especially small and medium enterprises and also help
boost the GST revenue collections.
The concerned Central Tax officer will have to conduct
scrutiny of returns pertaining to a minimum of 4 GSTINs
every month, which would include scrutiny of all returns
pertaining to a financial year for which the said GSTIN
has been selected for scrutiny.
“As far as possible, scrutiny of return should have
minimal interface between the proper officer and the
registered person and, there should normally not be any
need for seeking documents/ records from the registered
persons before issuance of Form GST ASMT-10,” it added.
GST ASMT-10 is a scrutiny notice that a tax officer
would send to an assessee. On receipt of such notice in
GST ASMT-10 on common portal, the registered person may
accept the discrepancy mentioned in the said notice, and
pay the tax, interest and any other amount arising from
such discrepancy and inform the same or may furnish an
explanation for the discrepancy in Form GST ASMT-11,
through the common portal, to the proper officer within
the specified time period of 30 days, the SoP added.
Abhishek Jain, Partner & National Head – Indirect Tax,
KPMG in India said this SoP would bring a uniform and
consistent methodology to authorities to perform the
scrutiny of returns filed by taxpayers.
“Now businesses should take a proactive step and prepare
requisite reconciliations with intact reasons/ records
to substantiate such differences,” he said.
Source::: THE INDIAN EXPRESS,
dated 28/05/2023.
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