Sunday, January 9, 2022

Taxmen to give 'reasonable time' to business to explain reasons for mismatch in GSTR-1, 3B before recovery action

As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant businesses which showed higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.

from Economy-News-Economic Times https://ift.tt/3G9XKit
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