Govt plans to use fraud analytics to analyse GST data, check tax evasion

With instances of tax evasion on the rise, authorities are keen to bring in fraud analytics to analyse goods and services tax (GST) data. The GST Network will soon invite proposals from companies specializing in fraud analytics. These companies will be tasked with mapping specific patterns of taxpayers looking to defraud the exchequer. The move comes at a time when the government is worried about…