Finally, the goods and services tax is getting strict and compliant with the use of data analytics used by the GST officers in capturing discrepancy. But the amount of difference in actual return filing may be surprising at times when it goes down beyond 1 rupee mark, which can be said either silly or very strict.
In a head-turning incident, the GST officers had sent notice to Ahmedabad based engineering company in relation to the discrepancy in its actual return filing by a minuscule Rs 0.77999999999883585 paisa.
Yes, it absolutely correct in terms of difference, the amount is even lower than rupee but the state tax department took the matter at par with other bigger tax evasion scenario.
It defines the strictness and adhering department with the new indirect tax resolution that the notice went on to say, “Please clarify the difference between GSTR-1 and GSTR-3B amount of tax for the period Oct-17 to Dec-17. The Amount is Rs 0.77999999999883585.”
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The GST officers are continuously scrutinizing the merchants and business units for their tax return filing for the payments they had done and the report that does not match with the actual sales done by them.
In the finding it was unearthed that there were around 34 percent business units made an underpayment of GST after the implementation of the new indirect tax. Under this, the companies whos GSTR 1 and GSTR 2A are not getting matched also getting notes from the state tax department.
The 34 percent business units had paid 34,400 crores less GST according to their initial filing of taxes. After the data analytics did by the state tax department and the GST officers, they have been asked regarding the mismatch in the filing of GSTR 1 and GSTR 2A.
Also, the notices are not easy going as it said that, “If no explanation is received by the aforesaid date, it will be presumed that you have nothing to say in the matter and proceedings in accordance with law may be initiated against you without making any further reference to you in this regard.”
To help yourself against such notices from the tax department, Gen GST Software offers complete auto error check and mismatch report in the GSTR forms. FInd the Difference Between GSTR 1 and GSTR 3B and also calculate and check the input tax credit match between GSTR 2A and GSTR 3B.
