Day: May 23, 2018

Tax department sends notices to GST non-filers

Tax department sends notices to GST non-filers

Buzz
After months of large scale non-compliance in filing of the summary return (GSTR-3B) by taxpayers under Goods and Services Tax (GST), the tax department has started sending reminder notices to such assessees. Some of the notices issued for the first three months of this year has given taxpayers three days to comply, or else the department would assess the liability based on information available with them. The notices are in line with government’s stated approach of employing enforcement actions gradually as the system stabilises. The tax department has also asked assessees to explain the mismatch of details filed in GSTR-3B and GSTR-1 (outward supply). Besides, central board of indirect taxes and customs (CBIC) has launched a year-long exercise to verify transitional credit claims made