In this era of automation, real-time scrutiny of GST returns has become the norm, leading to automated alerts when deviations surpass prescribed risk thresholds. The concept note highlights instances such as DRC-01C and DRC-01B notices, issued for discrepancies in liabilities and input tax credits. Taxpayers are required to rectify these discrepancies before filing returns for the subsequent tax period.
This concept note delves into the dynamic landscape of tax compliance, where tax authorities are increasingly utilizing technology to streamline the process. With a focus on Goods and Services Tax (GST), the concept note explores how tax officers are employing non-intrusive methods to verify GST returns, ensuring greater accuracy and compliance.View Concept Note