Government to vet GST, income tax and transfer pricing filings to find leakage

The government is planning to compare data filed by companies with different departments to detect discrepancies and check whether there’s been any leakage in tax collected, raising the prospect of even greater scrutiny, said people with knowledge of the matter. Goods and services tax (GST) returns, income tax filings and transfer pricing submissions will be analysed and synchronised in a manner that hasn’t been possible before, they said. 

Source: https://economictimes.indiatimes.com/news/economy/policy/government-to-vet-gst-income-tax-and-transfer-pricing-filings-to-find-leakage/articleshow/65584614.cms

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