Thread by @abhishekrajaram

Key Points of CBIC's Automated Return Scrutiny Module (ARSM) for GST returns

The CBIC has rolled out an Automated Return Scrutiny Module (ARSM) for GST returns. Learn more about this new tool and how it can help improve GST compliance in India

#GST #Compliance #Taxation #India

Automated GST Scrutiny

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out an Automated Return Scrutiny Module (ARSM) for GST returns.

The ARSM is a non-intrusive means of compliance verification that allows tax officers to scrutinize GST returns of Centre Administered Taxpayers (CATs) selected on the basis of data analytics and risks identified by the system.

The ARSM was launched in May 2023 and is currently being used to scrutinize GST returns for FY 2019-20.

The ARSM has a number of features that make it an effective tool for compliance verification, including:

Data analytics: The ARSM uses data analytics to identify taxpayers who are at a higher risk of non-compliance.

Risk identification: The ARSM uses a number of risk indicators to identify potential compliance issues.

Discrepancy identification: The ARSM identifies discrepancies between the information reported on a GST return and other information that is available to the tax authorities.

Workflow: The ARSM provides a workflow for tax officers to interact with taxpayers.
#GST #Compliance #Taxation #India

The ARSM is a valuable tool for compliance verification. It is a user-friendly and efficient system that can help tax officers to identify and address compliance issues more effectively. The ARSM is expected to play a significant role in improving GST compliance in India.