Read the section on the consequences of scrutiny assessment to know more. But, an order (except ASMT-12) cannot be passed as the next step under scrutiny assessment since it is not a legal or judicial proceeding. The tax officer can also take this decision on his own. If these indicate a high risk of default or fraud, then the tax officer can proceed to this assessment. There are risk parameters pre-defined for a tax officer to decide whether scrutiny notice needs to be issued. The main objective behind a scrutiny assessment is to verify the correctness of details submitted in GST returns like eligible Input Tax Credit (ITC) v/s actual claimed, tax payable v/s tax paid, claimed ineligible exemptions or ineligible ITC, etc. ![]() It has detailed process of scrutiny starting from selection of returns to conduct of scrutiny and issue of notice in ASMT-10 to actions for failure to respond to notice. 2/2022 and 2/2023 in 20 on manual scrutiny for years FY 2017-18 and 18-19 and online scrutiny for years FY 2019-20 onwards. The CBIC has issued two SOP CGST Instruction no. Send notice of outstanding demand/shortfall in case there is wilful/no wilful intention of doing fraud under section 73/74 accordingly.Initiate demand and recovery provisions.Conduct a special audit under section 66.The tax officer can also take the following actions in cases such as: The reply submitted is not satisfactory to the tax officer.The taxpayer does not reply or rectify the discrepancy within 30 days of the issue of notice.The taxpayer does not pay tax or provide an explanation.If the reply satisfies the officer, the taxpayer is intimated and the proceedings are dropped without any further action in form ASMT-12 (an order of acceptance of reply). Otherwise, further action can be taken by the GST officer in the following circumstances: The taxpayer should admit the differential tax demanded with interest if any and pay it before replying to the notice together with justification. However, a personal hearing is not possible in this type of assessment. ![]() If he finds any errors, he will issue a scrutiny notice to the registered taxpayer demanding an explanation. What is a Scrutiny Assessment under GST?Ī GST officer will thoroughly check the GST return of a particular taxpayer based on certain risk parameters, to verify its correctness. In this article, know more about the scrutiny process and options available for a taxpayer to respond to a scrutiny notice. With the implementation of automated return scrutiny module, taxpayers must be more cautious of ensuring consistency between returns. ![]() On filing, if there happens to be any inconsistencies or errors in the information declared, the tax officers will conduct the scrutiny of these GST returns. Every GST registered taxpayer must file at least one or more designated GST returns on time.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |