Recommendations made during the 26th meeting of the GST Council related to Data Analysis

Mar 13, 2018 | by Avantis RegTech Legal Research Team

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The GST Council, during the 26th meeting held on March 10, 2018, has been informed of the fact that the Central Board of Excise and Customs (CBEC) and Goods and Service Tax Network (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 and 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.

[Press Release regarding Data Analytics dated March 10, 2018]



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