1.WHAT HAPPENED IN LUCKNOW?
AI-based data analysis identified 2,558 traders whose buys, sales, and tax payments were
mismatched based on rules. After a thorough investigation of such irregularities, a zone-by-zone
strategy is traded. The latest procedure by the tax office checked only identified traders. Actions are
routine exercises, not part of a specific action.
2.WHICH KIND OF SOLUTION IS COMING WITH THE HELP OF AI?
After analyzing the data, discrepancies were suspected. According to details provided by
the government, her tax liability for the financial years 2020-2021 and 2021-2022 is Rs 85.32 less
than what she filed in 2019-2020.
An ITC of Rs 32.77 lakh was requested on Form-9C but the amount was not credited. Taxes, interest
and fines of Rs 1.23 crore were imposed on traders. Already he is one defaulter manufactures bed
linen and real turnover he is Rs 2.5 crore but he has never deposited cash tax. The company used
incoming credits from bills of exchange of less than Rs 50,000 to adjust ITC’s foreign tax liability and
disguised its cash tax liability. The company assumed a debt of Rs 87.16 lakh.
3.HOW AI HELPFUL IN INVESTIGATION?
As a result of digitization, all registered traders’ purchase and sale documents are available
on the State Tax Department’s Boweb portal. Direct monitoring of tax evaders is done with the help
of business intelligence and fraud analysis software. In addition, registration, payment, notification,
ordering, refund request, refund payment, etc. are all performed online. “Through his BIFA in IT tool,
the newly registered trader’s activities are investigated, including the creation of high-quality
electronic bills of lading.