“The worst part of these notices is that the department
has given around 10 days (out of which 4 days are weekly
off) to reply, otherwise the case is decided against the
taxpayer. These notices are coming by email and we have
requested our clients to keep track of email-ID
registered with the GSTN portal,” Rajat Mohan, partner, AMRG &
Associates, said.
Although the original structure of return filing, which
envisaged invoice-matching to curb tax evasion, never
took off due to glitches in the IT system and the
cumbersome nature of triplicate returns, the two return
forms that continued to be filed provide enough
information on transactions of buyers and seller to
locate any evasion.
“It is about time that we initiated the process of
enforcement under the GST as taxpayers have been given a
long rope to get used to the new system. Some of these
initial inquiries are also the reason why the compliance
among taxpayers has shown improvement for April,” a tax
officials said.
“In some cases, the discrepancy may be due to genuine
issues, in such a case, a taxpayer must prepare and
appropriately draft a response to the authorities,
explaining the position. At the same time, the tax
department can charge 18% interest for wrong credit
claimed,” Archit Gupta, founder & CEO of ClearTax, said.
“In some cases, the discrepancy may be due to genuine
issues, in such a case, a taxpayer must prepare and
appropriately draft a response to the authorities,
explaining the position. At the same time, the tax
department can charge 18% interest for wrong credit
claimed,” Archit Gupta, founder & CEO of ClearTax, said.