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July 23, 2020

Why Income Tax Compliance portal is showing GST data?

Why Income Tax Compliance portal is showing GST data?

Why Income Tax portal is showing GST data under e campaign tab of Compliance Portal?

Earlier this year CBIC has signed 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 department both the portals i.e. Income tax and GST portal has been linked with each other. Now the Income tax portal is showing GST data of the persons who have not filed the return of a particular period but has filed the GST return properly.

Earlier under section 142(1) the assessing officer has to issue notice for the assesse who has not filed the return with time limit i.e. on or before the due date. The few criteria for sending the notice u/s 142(1) earlier was as below:

1. TDS deducted on various income but not reported through ITR

2. Share transaction has been incurred but not reported through ITR

3. Cash deposit of more than Rs. 2,00,000 has been made but not reported through ITR

4. Credit Card payment of more than Rs. 2,00,000 has been incurred but not reported through ITR

5. Sale of property but capital gain not reported through ITR

Now along with the above mentioned criteria a new criteria has been added i.e. GST return filed but income not reported through ITR. After the MoU of CBIC and CBDT data transfer process has been initiated by both the departments for tracking the non filers. If an assesse has registered under GSTIN 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 GSTR2A data. Hence it is advised to all traders to file the GST return with proper accuracy and in case the supplier has not filed the return than it is advised to file the return.

How to view the GST data on efiling website under compliance module?

Below is the steps to view the GST data on efiling website:

Step 1: Go to https://www.incometaxindiaefiling.gov.in/home and login to the portal using efiling USER ID and password

Step 2: Now under Compliance tab, Select “Compliance portal” option and click on Confirm button.

It will redirect to compliance portal.

Step 3: Now Go to E- Campaign tab a notification will come under Non- filing of return.

Now, click on the Notification, you will see the details for which non filing notice has been received.

If you further click on the Business transaction details it will show the list of purchases made during the year as below.

This data is been fetched from the GSTR2A data of the assessee.

There are few Taxpayers who are filing GST returns or are registered in GST but not filing Income Tax Returns for FY 2018-19 AY 2019-20. All those taxpayers are expected to get notice from Income Tax Department to file. Best part is you can still file return by 31 July 2020 or revise return if the information is missed at the time of filing the returns

In case you need professional help in filing just email at info@facelesscompliance.com or message to below whats app button

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