https://www.taxtmi.com/news?id=22361 The conference agreed measures to strengthen GST enforcement through inter-agency quarterly API-based data exchange, deployment of data analytics/AI for early detection of fraud, and greater access to banking and FIU information. Agreed steps include a Centre-State committee to frame SOPs against fraudulent refund and inverted-rate refund claims, mandatory Income Tax investigation of major fake ITC and export/import frauds, exploration of linking foreign remittances with IGST refunds for risky exporters, a single bank account for remittances and refunds, self-assessment on business closure, and verification of unmatched Input Tax Credit. en-us Tue, 07 Jan 2020 18:51:53 +0530 Wed, 08 Jan 2020 09:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22361 The conference agreed measures to strengthen GST enforcement through inter-agency quarterly API-based data exchange, deployment of data analytics/AI for early detection of fraud, and greater access to banking and FIU information. Agreed steps include a Centre-State committee to frame SOPs against fraudulent refund and inverted-rate refund claims, mandatory Income Tax investigation of major fake ITC and export/import frauds, exploration of linking foreign remittances with IGST refunds for risky exporters, a single bank account for remittances and refunds, self-assessment on business closure, and verification of unmatched Input Tax Credit. News - Tue, 07 Jan 2020 18:51:53 +0530 https://www.taxtmi.com/news?id=22361