In recent weeks, the central and state GST authorities have issued demand notices to companies spanning a range of sectors — from consumer durables to smart phones, insurance, online gaming and service providers. HDFC life insurance has received a notice for non-payment of GST to the tune of Rs 942 crore. The concerns raised revolve around the multiplicity of notices, the absence of a uniform process and lack of coordination between the Centre and state tax authorities. In one particular case, state tax authorities have sought information about GST payments from a firm “based on media reports” of its merger with a company in a different state. Since its inception, the GST system has been marked by constant tweaking and significant leakages.

Source: Indian Express October 26, 2023 10:39 UTC