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Issuing demand notice on the account of mismatch between GST Returns (GSTR) are daily routine practice for the Revenue Officers, which can be settled/argued by reverting it with proper reconciliation along with its proper documentary evidences. Especially, after the 50th…
Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021.
The functionality compares the liability declared in GSTR-1/IFF with the liability paid in GSTR-3B/3BQ for each return period. If the declared liability exceeds the paid liability by a predefined limit or the percentage difference exceeds the configurable threshold, taxpayer will receive an intimation in the form of DRC-01B.
Introduction: In the past 2 years there has been a spike in the number of GST notices. This is on account of completion of audit within time lines, data analytics being performed by the department, the recent slew of fake…
A government contractor was fined 77,37,499 after commercial taxes department noticed discrepancies in the GST returns filed by the trader and the government. The government contractor under Theni 2 division of Madurai zone of commercial taxes department had filed his…
By, SHRI SHAILESH P. SHETH, ADVOCATE , M/S. SPS LEGAL Hardly 4 (four) years have passed since the introduction of the ‘Goods and Services Tax’ (‘GST’) as an Indirect Tax Policy in the country. However, even in such a short period,…