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    Data Handling and Analysis

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    ashish692
    data

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    Data Handling and Analysis

    Uploaded by

    ashish692
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    data

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    data

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views24 pages

    Data Handling and Analysis

    Uploaded by

    ashish692
    data

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 24

    Data Handling And Analysis

    Ashis Sahu
    DD, DGGI, BbZU

    1
    Data Handling and Analysis
    • (a) To identify revenue leakage & abnormal
    trends in returns, to unearth evasion
    • (b) Making optimum use of data available in
    AIO

    2
    Composition Taxpayers Turnover

    3
    • Businesses with an AATO up to Rs.1.5 Crore can
    opt into the composition scheme.
    • Turnover of all businesses with the same PAN
    has to be added up to calculate AATO.
    • Only manufacturers of goods, dealers, and
    restaurants (not serving alcohol) can opt for the
    composition scheme under Section 10.
    • Service providers can opt into a similar scheme
    notified by the CGST (R) notf no. 2/2019 dated
    7th March 2019 where the total turnover limit is
    Rs.50 lakh.

    4
    2nd Proviso to Sec 10(1)
    Provided further that a person who opts to pay tax under
    clause (a) or clause (b) or clause (c) may supply services (other
    than those referred to in clause (b) of paragraph 6 of Schedule
    II), of value not exceeding ten per cent. of turnover in a State or
    Union territory in the preceding financial year or five lakh
    rupees, whichever is higher.

    5
    Case Study
    • M/s GANESH SCALES has been registered under GST as a composition
    taxpayer and has been paying GST accordingly. During search, a
    weighbridge register was found from which it was discovered that the
    assessee had collected transporting weighment charges from the customers
    against weighment of vehicle at their weighbridge.
    • On scrutiny of documents it was seen that apart from supply/sale of
    weighing machine , M/s GANESH Scales is also engaged in supply of
    taxable services by way of weighbridge service.

    GST liability on Differential GST Total GST liability


    Weigh bridge Liability on
    Charges supply/sale of
    weighing machine
    714633 834347 1548979

    6
    2. Bank Accounts

    7
    Rule 10A
    • Newly registered taxpayer is required to furnish bank account
    details after receiving the certificate of registration and after
    receiving the GSTIN

    Time limit to submit the details of bank account is earlier of


    following dates –
    • Within 45 days from the date of grant of registration; or
    • Within the due date of filing of return under section 39

    Exempted
    • Tax Deductor at Source (section 51)
    • Tax Collector at Source (section 52)
    • Person who are granted suo-moto registration (rule 16)

    8
    Bank account details not filed

    9
    New Registrants with Significant
    Turnover

    10
    Check points
    1. Taxpayer profile
    2. Registration status
    3. Ratio of ITC to Total tax paid
    4. Commodities/Service
    5. Address of PPoB
    6. Check
    a. Google Maps
    b. India Mart, Alibaba
    c. Common directors of registered firms

    11
    Case Study
    • M/s Maa Bhavani Construction were declaring high
    value transactions in their GST Returns.
    • On physical verification of the unit, it was revealed
    that the unit is non-existent and an identity theft is
    involved in creation of the unit
    • Further, fifty-five associated GSTINs with same/
    associated credentials (email ID/ Phone No.) as that
    of M/s Maa Bhavani Construction were found who
    have passed on GST ITC of Rs. 40.71 Crores.

    12
    GST ITC vs Turnover Comparison

    13
    Red Flags
    • Taxpayer profile
    • Nature of commodities/service
    • Exempted/Nil rated Supplies
    • Related notifications/circulars/AARs
    • Reverse Charge liability
    • Non-existing suppliers

    14
    ITC Availment and Utilization Trend

    15
    Red Flags
    • Sudden Spikes in ITC Availment/Utilisation
    • Capital goods
    • Recent refunds
    • Any new supplier
    • Rate change in the sector
    • ITC-Turnover ratio
    • ITC-Cash ratio
    • Stock verification

    16
    Mis-match b/w Inward Supplies & ITC
    Availed in GST-3B

    17
    RCM liability

    18
    Check points
    • Whether falls under Audit criteria
    • What could be RCM supply
    • Imports/ Purchase from unregd dealers
    • Notified supplies
    • Time of supply (Goods/ Services)
    • Special provisions for certain sectors
    • RE: Minimum 80% purchase from regd.

    19
    3b vs TDS return

    20
    Exempted

    21
    Audit Tabs

    22
    Tax payers with more than 90%
    exempted/nil-rated/non-GST supplies

    23
    GSTR8 vs GSTR 3B

    24

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