A majority of the issued SCN to the assesses under the GST regime in the previous year related to the data discrepancies in the tax return filings and measures are in progress to utilize the technology to use technology to solve these mismatches and solve the disputes of them along with the pain points for taxpayers.
Before the taxpayers, the GST officials furnished an SCN of under 1.13 lakh, but the classification disputes on tax rates were behind 555 of those notices. Policy-level disputes are close to lesser, and they are connected to how we are accomplishing our data verification stated Special Secretary and Member (GST) of the Central Board of Indirect Taxes and Customs (CBIC) Shashank Priya.
CBIC analysis mentioned 6 of the 7 field of disputes that consequence in SCN related to information differences such as short payment of GST in GSTR 3B when compared to GSTR1 liability, excess availment of input tax credit (ITC) in GSTR 3B corresponded with ITC available in GSTR 2A, non-payment of GST on taxable services under reverse charge mechanism (RCM), Mr. Priya stated at Assocham’s national GST conference.
On introducing a new register for addressing RCM issues GST Network is working through making a ledger that shows all reverse charges obligated to get paid, with an operationality to disallow taking ITC beyond what is present to the assesses. CBIC member expressed.
