GST Notices In Gujarat, Karnataka And Hyderabad Have Taxpayers Worried

GST Notices In Gujarat, Karnataka And Hyderabad Have Taxpayers Worried

Dated : 20 Aug, 2018

Posted In : GST News



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GST Notices In Gujarat, Karnataka And Hyderabad Have Taxpayers Worried

  • As the Goods and Services Tax regime nears one year of implementation, the tax department is starting to tighten the screws on inconsistencies in the returns filed and credits claimed.

    BloombergQuint knows of instances in which taxpayers in at least three states -- Gujarat, Karnataka and Hyderabad -- have received two kinds of notices from the department. It could not be ascertained if similar notices have been sent out in other states as well.

    The first type of notice, mostly issued to clients in Karnataka and Hyderabad, has to do with an alleged mismatch in input tax credit as per GSTR-2A and GSTR-3B. GSTR-2A is an automatic return that GSTN generates for a buyer based on the information provided by his sellers in GSTR-1.

    Notices have been sent out for two quarters: July to September and October to December, Pratik Jain, head of indirect tax practice at PwC India pointed out.

    The notices essentially say that in these three months, this is what is reflected in GSTR 2A and this what you’ve claimed as credit as per GSTR- 3B. So, either explain the difference in 30 days or pay the balance


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