Press Release regarding Data Analytics
March 10, 2018
Recommendations made during the 26th meeting of the GST Council held in New Delhi on 10th March, 2018
GST Council has been apprised of
the fact that CBEC and GSTN have started detailed data analytics across a number
of data sets available with them. The outcome of preliminary data analysis has
revealed interesting insights:
* It has emerged that there is variance between the amount of IGST &
Compensation Cess paid by importers at Customs ports and input tax credit of the
same claimed in GSTR-3B.
*There are major data gaps between self-declared liability in FORM GSTR-1 and
FORM GSTR-3B.
It was deliberated that this information may be further analysed and adequate
action may be initiated accordingly.