CNBC-TV18: GST Council is likely to approve seeking detailed banking info of taxpayers

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As per the recent tweet of CNBC-TV 18, the Government sources tell that the GST Council is likely to approve seeking detailed banking info of taxpayers, the Centre to seek council’s nod to notify the new proposal, further the information to be sought to include the transaction of purchase, sale or exchange of goods/property/ interest in a property.

  • Centre Aims To Collect Data To Identify Risky Taxpayers & To Use Data For Tax Recoveries
  • Centre To Ask NPCI, TransUnion CIBIL Ltd & AMFI Amongst Others For Sharing Banking Information Return Under Section 150(1)(e)
  • Information To Be Sought To Include Details Of Payment Of Taxes, Transaction Of Goods Or Services
  • Information To Be Sought To Include Transactions Related To A Bank Account On Consumption Of Electricity

Source: https://twitter.com/CNBCTV18Live/status/1238037784968876032

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