- AI has been used to detect GST mismatches and has identified Rs 30,000 crore worth of mismatches in the previous financial year.
- Central tax officers have sent around 33,000 GST notices to businesses for discrepancies in GST returns.
- Concerns have been raised about increased scrutiny of businesses and the reliance on AI for detecting tax evasions.
- Online gaming companies, insurance companies, aviation, and shipping sectors are among those receiving notices for GST evasions.
- Experts argue that AI should not replace human intelligence in tax administration and that the government should discuss with taxpayers before issuing notices.
- One suggestion is to issue an intimation notice before a show cause notice to improve communication between the industry and the government.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
