GST Network (GSTN)  is seeking bids from private entities for “360-degree” profiling of taxpayers for early detection of fraud as it seeks to transform into an end-to-end platform for checking GST evasion.

The analytics company to be roped in will have the mandate for designing and developing a Fraud Analytics System, media  reports said.

GST Network has however barred Infosys from bidding for the project to avoid conflict of interest, reported PTI.

The system will take about an year to be operational and leverage existing data pertaining to GST registration, return filing and e-way bill, along with the information from other external sources such as Financial Intelligence Unit (FIU), Central Board of Direct Taxes (CBDT), banks and state tax departments.

According to the eligibility criteria, the interested bidder will need to have a turnover of Rs 300 crore and should have posted profit in the past three financial years. Also, it should have experience in implementing Advanced Analytics, the GSTN said in the Request For Proposal (RFP).

The fraud analytics company would be tasked with establishment of taxpayer’s identity. “Based on information available within GSTN as well as third party information, it is expected to reliably establish the identity/360 degree view of the taxpayer and key members of its management,” the PTI report quoted RFP as saying.

It would also establish taxpayer’s risk profile by analysing information on purchasers and sellers as part of returns data, whether the taxpayer deals with sensitive or evasion prone commodities, history of the owner of the company as well as rapid change of promoters, among others, the report said.