The Goods and Services Tax (GST) authorities across the country have sent out several thousands of notices claiming shortfalls in payment of tax for FY18. The deadline to issue notices is September 30 and the taxpayers have been given 30 days to respond to these automated notices. These notices largely pertain to mismatches in GST output and liability, input tax credit, ineligible tax credit claims, and reversal of credit in case of exempt supplies, said a person privy to the development. Both central and state GST authorities have sent these notices over the last fortnight, a government official said. Source from: https://economictimes.indiatimes.com/news/economy/policy/thousands-of-taxpayers-get-gst-notices-for-fy18/articleshow/104051941.cms?from=mdr____________________________________________________________________________________________________________🎉 Join our dedicated WhatsApp channel for Real-time GST Updates and Other Tax Updates !!

Source: Economic Times September 30, 2023 11:07 UTC