Tax officers must give reasonable time to business to explain reasons for mismatches in turnover reported in the sales return GSTR-1 and tax payment form 3B before initiating recovery action for short payment or non-payment of taxes.
So far, under the goods and services tax law, show-cause notices were first issued and then a recovery process was initiated in such cases of mismatch in GSTR-1 and GSTR-3B.
Source: NDTV
Latest Posts in "India"
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
- CBIC to Slash Customs Clearance Time to 1-48 Hours with New Integrated Digital System
- GSTAT E-Filing: Staggered Appeal Timelines and Limitation Rules Under Section 112 Simplified
