Notice from GST Department ? Top Reasons, Response, Timing

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Top 10 reasons for getting a GST Notice ?

There are numerous reasons why a GST-registered taxpayer may receive a GST Notice, including noncompliance and normal audits by tax officials; hence, not all notices are severe in nature. Below are the top ten causes for receiving a GST Notice.

1.   Liable but has failed to obtain GST Registration.

2.   Non-filing or delayed filing of GST Returns. (Most common)

3.   Insufficient, wrong documentation supplied at the time of GST Registration

4.   Mismatch between Purchase side (inward) invoices and the GSTR 2A report from GST Portal

5.   Wrong ITC Claim in the Returns

6.   Non-payment of Taxes

7.   Mismatch between GSTR1 Invoices and the details in e-Way Bills

8.   ITC Credit Refund

9.   Not having GST Registration though the turnover crosses the threshold.

10.     Higher GST rates applied on Sales (Profiteering)


2. List of Notices - Definition, What to do and When?




3. Consequences of not responding to GST Notices ?

GST registered taxpayer who received a notice must act to respond to the notice, if not the consequences could be severe and may be any of the following

·         Rejection of a new GST Registration

·         Cancellation of GST Registration

·         Recovery of Tax Liabilities directly from a Bank (this is the most scariest part of all)

·         Rejection of Refund

·         Seizure of Assets

·         Assets Auction

·         Monetary Penalty

·         In most cases, there would be a penalty for non-filing / delayed filing / misrepresentation, additionally interest being levied on the tax due.


4. What to do ?

Notices in general is critical to respond in a timely fashion. GST is still a moving target as the law, applicability, practicality being changed almost every week (this article was originally published on Jan 2020). It is very important to address the GST Notices with the help of a professional, unless it is a slam dunk.
Saron Tax Team is ready to help in handling your GST Notice quickly, professionally. We are meant for that, afterall we are the highest reviewed Tax Compliance Company in India.
 
To approach Saron Tax Consultancy

Saron Consultancies India Pvt Ltd, Chennai
Ct: 917010345538 + Whatsapp 
Office Number: 044-35564812 + Whatspp
Mail: info@sarontax.com


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