There is a great necessity of Integration of Income E-filing Portal with GST portal. The step taken by Central Government with respect to linking and integrating E-filing portal with GST portal is one of the most welcoming step towards the growth of tax revenue of Central Government which will ultimately lead to growth of economy, lets understand the purpose of this integration;

Earlier, what happens is that Assesse can easily manipulate their Turnover as per their requirement while filing income tax return for lowering their tax incidence, but now this mal-practices of evading taxes cannot be done as Form 26AS will automatically reflect Turnover as per GSTR-3B Return, this is possible only because of this integration of these two portals. Now assesse cannot manipulate the T.O. as per his convenience, he has to report the correct T.O. as reflecting in the GST portal, this will surely increase the tax revenue of Government and also there is no undue hardship on the honest tax payers already declaring correct Facts and figures of T.O. and profit.

Form 26AS ( Form in which all the TDS, TCS and Other Tax payment entries related to income tax are reflected) now will also reflect T.O. as per GSTR-3B, this form will automatically pickup month wise T.O. entries from the GSTR-3B return filed by registered person in GST portal.

Earlier, before this linkage what happens is that assesse has to self-declare the T.O. as per GST portal in his income tax return, but there is no such linkage of GST portal and e-filing therefore assesse can easily manipulate the T.O. which ultimately results in “less profit less tax”. Assesse wilfully declare less T.O. in Income Tax Return due to self-declaration therefore, this is the need of situation to link both the portals so as to avoid tax evasion and ensure proper compliance.

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Location: BHOPAL, Madhya Pradesh, IN
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April 2021