WebThe department has already started floating notices to demand GST. Some of the common areas of issues are listed as under: 1. Reversal of ITC difference not reflected in GSTR 2A (many times the GSTR-2A data is not updated or incorrect details); 2. GST on the difference between Turnovers declared in GSTR 1 and GSTR 3B (many times Web6 mrt. 2024 · The maximum time limit for issuing tax demand notice u/s 74 of the GST Act is 5 years from the date of filing annual GST return to which the amount relates. However, in this case, the tax office needs to issue the show-cause notice 6 months before the time limit. Penalty on Tax Demand Notice u/s 73
Increase in limitation period for issuing SCN Is this Ease of …
WebAs per this circular Superintendents, Asst. / Deputy Commissioners and Joint / Additional Commissioners have been vested with such powers to issue SCN and adjudicate in cases involving CGST / credit amount upto Rs. 10 lakhs, between Rs. 10 lakhs and Rs. 1 crore and above Rs. 1 crore without limit respectively. Web20 aug. 2024 · Query-wise reply is as under :- 1. The department never issues intimation under Section 73 (5) or 74 (5) without any basis i.e. without investigation/scrutiny. The department can issue an intimation under Section 73 (5) or Section 74 (5) on the basis of records already available with the department. rice corn harvester
Show Cause Notices (SCN) under GST: - CA Vikas Verma
Web26 feb. 2024 · 21. Deemed Issuance of SCN U/S 73 (1) Of GST Act 2024 In Certain Circumstances. Adjudication proceedings are initiated u/s 73 (1 ) or 74 (1) in normal or … Web1 feb. 2024 · SUB: INDICATIVE GUIDELINES FOR ISSUANCE OF SHOW CAUSE NOTICES (SCNs} It has been brought to the notice of the Competent Authority that in … Web4 apr. 2024 · Monetary limit (2) Monetary limit (3) Monetary limit (4) Monetary limit(5) Superintendent of Central Tax: Not exceeding Rupees 10 lakhs: Not exceeding … rice corn meal