35,000 GST Returns From FY18 Up For Scrutiny

The Central Board of Indirect Taxes and Customs has identified 35,000 GST returns pertaining to fiscal 2017-18 to scrutinise for discrepancies and mismatches on liability, input tax credit and such, a senior tax official told BloombergQuint. The cases were selected for scrutiny based on "specific risk parameters" as directed in a department notice in March. The notice laid down standard operating…