The Punjab Accountants Association, a collective representing accounting experts statewide, has raised a significant issue in a formal communication to the Honourable Finance Minister of Punjab. Their plea revolves around the urgent need to stop the distribution of ambiguous and inaccurate GST Form DRC-01 notices, as these are creating undue stress for compliant traders and industrialists.
Detailed Analysis Rule 99 Under Section 61
The association raises concerns about the GST Department’s procedural oversight in issuing notices without thorough examination. It highlights a breach of Rule 99 under Section 61 of the CGST Act, emphasizing the government’s reliance on an IT firm from Hyderabad for data scrutiny, resulting in inaccurate notices. These notices, according to the association, unfairly burden businesses by relying on unchecked data and failing to comply with the mandated response timeline.
The memorandum criticizes ETOs for disregarding proper verification processes and violating established procedures. It stresses the potential irreparable harm and mental strain placed on businesses and accounting professionals. Urgent rectification of procedural irregularities is urged, along with the cancellation of GST notices sent to law-abiding entities.
Emphasizing the need to safeguard the rights of registered individuals in Punjab, the appeal urges the Finance Minister to intervene and cease the issuance of such notices. The association requests a reasonable timeframe for businesses to respond using Form ASMT-11, ensuring a fair decision by the law.
Closure: In summary, The Punjab Accountants Association earnestly appeals to the Honourable Finance Minister of Punjab to swiftly address this urgent matter. The memorandum strongly underlines the necessity of safeguarding the rights of compliant businesses and urges the Finance Minister to step in and correct the procedural flaws.
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The association looks forward to a positive outcome that positively impacts registered individuals across Punjab and expresses gratitude for any corrective measures taken.
