How GST Uses Third-Party Data to Verify Turnover | gstguy
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How GST Uses Third-Party Data to Verify Turnover | gstguy
Section 150 of the CGST Act, 2017 empowers the GST Department to obtain information returns from third parties such as banks, Income-tax authorities, electricity boards, registrars, GSTN and other notified entities. This provision allows the department to cross-verify and reconcile the turnover and transaction details reported by taxpayers in ...
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