Goods and services tax (GST) authorities are now tightening their reigns on those taxpayers who haven't cleared their dues. The authorities, therefore, are asking taxpayers to pay the remainder of their dues.As established under GST, the responsibility of reconciling data relies on the taxpayers. If they fail to do so, they can be served with a demand notice. The proper officer (i.e., GST authorities) will serve a show cause notice to the taxpayer. In cases a taxpayer chooses to contest the notice, the tax officer will consider the taxpayer’s representation and then calculate interest along with penalty.

Source: Economic Times April 01, 2019 05:15 UTC