Variance between GST paid and claims made


Variance between GST paid and claims made

The goods and service tax (GST) Council was told that there is a major variance between various set of claims made and taxes paid. According to the data set provided by the Central Board of excise and customs (CBEC) and GST network, there isa variance between the amount of integrated GSt and compensation cess paid by importers at custom ports and input tax credit of the ame claimed in GSTR-3B, the summary form for input-output.The data also evaled that there are majore data gaps between self-declared liability in the form GSTR-1, the form for suppliers, and form GSTR-3B. The council said the data will be further analysed and adequate actions will be taken accordingly.

The Business Standard, New Delhi, 12th March 2018

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