Taxmen to scrutinise mismatch between ITR and service tax returns

In some cases, there is a value mismatch between the turnover declared in ITR or TDS and the service tax returns

The revenue department has asked tax officials to scrutinise the mismatch in services turnover numbers provided by businesses in income tax returns and service tax returns for 2015-16 and 2016-17 fiscals.

Central Board of Indirect Taxes and Customs (CBIC) Chairman P K Das in a letter to field formation stated that there was a considerable gap of Rs 12 lakh crore between the turnover on account of services as per the ITR/TDS (tax deducted at source) data and the value of services declared in the corresponding service tax returns for fiscal 2015-16.

Mismatches were also noticed for the financial year 2016-17, for