The other day CBIC has signed an MoU with CBDT to share information on automatic and regular basis. Under the MoU CBIC will share the GST data based on PAN of the supplier. This move results in tracking the non-filers who are not filing the income tax return and paying tax properly. After the MoU has been signed by both the Boards, both the portals i.e. Income tax and GST portal have been linked with each other. The result is now made available in public domain. Now the Income tax portal is showing data of the persons who have not filed the income tax return of a particular period but have filed the GST return properly.
How to check it on Income Tax Website. Stepwise action needed is as follow:
- Login at the portal of www.incometaxindia.gov.in
- Click on Compliance Menu
- Click on e- Campaign (Check sub options) Menu
Those assessees who have business income and file the returns ITR 3 to ITR -7, need to ensure that their income tax returns and GST returns correlate.
In ITR 3 the following details regarding GST need to be given.
- Details of taxes levied on sale (CGST, SGST, IGST, and UTGST) and these details needs to be matched with the electronic liability register on the GST portal.
- Details of CGST, SGST, IGST, and UTGST paid on purchases and the credit taken thereof, these details should be matched with the electronic credit ledger available on the portal.
- If any GST refund is receivable from the government and not credited to Profit & Loss account then the details of the same are required to be given in the Income Tax Return.
- Taxpayers are required to furnish the GST Registration number in the Income Tax Return.
- Taxpayer is required to provide Turnover/Gross Receipts under GST as mentioned in the GST returns. These details can be taken by the taxpayer from the GSTR-1 filed by them.
After the MoU of CBIC and CBDT data transfer process has been initiated by both the departments for tracking the non-filers. If an assessee has registered under GSTN but not reported the business data, than he will be notified on the Income tax e-filing portal. The Income Tax Portal is now showing GSTR 2A data. Hence it is advised to all taxpayers to file the GST return with proper accuracy and in case the supplier has not filed the return then it is advised to file the return.