Economics · Taxation & Technology
Which of the following represents a core structural challenge when directly utilizing aggregate Unified Payments Interface (UPI) transaction data for tax compliance audits in the informal sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It strictly prevents micro-consumers from ever filing voluntary indirect tax returns.
- 2It completely removes the statutory requirement for maintaining physical digital accounting ledgers.
- 3It incorrectly presumes all personal inflows and non-revenue UPI transfers are taxable business supplies.✓
- 4It automatically speeds up the processing of genuine input tax credit refunds.
Correct answer
It incorrectly presumes all personal inflows and non-revenue UPI transfers are taxable business supplies.
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