A majority of show-cause notices issued to taxpayers under the GST regime last year pertained to ‘data discrepancies’ in tax return filings, and efforts are underway to use technology to resolve such mismatches and mitigate the resultant disputes as well as ‘pain points for taxpayers,’ a top indirect tax official said. GST officials issued a little under 1.13 lakh show-cause notices to tax payers in 2023-24, but classification disputes on tax rates were behind just 555 of those notices. An analysis by the CBIC showed six of the seven major areas of dispute resulting in show-cause notices pertained to data discrepancies, and the GST Network is working on introducing a new register for addressing the RCM challenges.
Source A2ztaxcorp
Latest Posts in "India"
- GST Compliance for CFOs: Strategic Risk Mitigation and Operational Efficiency in Indian Enterprises
- Supreme Court: Rooh Afza Classified as Fruit Drink, Attracts Only 4% VAT in UP
- India IRN vs Europe CTC: Key Differences in E-Invoicing Models, Clearance, and Reporting
- India’s 2026 E-Invoicing Rules: Turnover Limits, 30-Day Reporting, and Mandatory 2FA Explained
- FCIK Calls on Government to Grant Power and VAT Amnesties for Industrial Units
