GST Return Mismatch: Why SCN Should Consider Seriously?

A show cause notice would have been issued by the GST department for mismatch of the GST ITC claims, errors in reports, and discrepancies in the e-way bill and turnover.

From 2017-18 to the present the agency would have incorporated investigating the returns and started issuing random notices to the assessors.

In the majority of the cases towards fetching the discrepancies in the tax liability represented in GSTR-1, the notices would have been issued, and the tax payment via 3B, mismatches in the assessees ITC received via GSTR-2B, and non-matching of turnover and tax shown in the e-way bill with GSTR-3B and GSTR-1, among other reasons.

Tax experts stated that with the adoption of the GST, there would have been various GST legislation amendments and the framework of the return forms was treated to be impossible at the time for the government in order to implement, which caused confusion and a surge in the discomforts to the businesses. Several letters have been issued by the agency which has sought the interest and penalties including the tax amount.

As per the tax experts, the letters must be deemed in a serious way and the council might choose the ex-parte measure when the reply would not get furnished within the specified time.

Read aslo: Real Advantages with Procedure of e-Invoicing Under GST

When the demand is real then the same must get fulfilled fastly in order to prevent the penalty. CA mentioned. When the assessee does not agree with the same demand then he or she must furnish a response with the proper form specifying the provisions that have been applied.

Comments

Why Small Firms Should Consider Gen Payroll Software?

Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...

How ITR Software Assists Individuals in Filing Tax Returns

Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...

Major GST & Filing Updates 2025: Must-Know for Businesses

In 2025, India made amendments to its Goods and Services Tax (GST) system, which was introduced in 2017. The primary purpose of this amendment is to ensure that businesses and individuals comply with tax regulations, reduce tax fraud, and streamline tax management through the use of technology. The GST Network (GSTN) and the Central Board of Indirect Taxes and Customs (CBIC) have implemented new processes and software systems to streamline the tax return filing procedure for individuals. These improvements aim to simplify the tax filing process, minimise errors, and ensure that all taxpayers, as well as tax professionals, fulfil their tax obligations responsibly. Updates for the same have been given, and the impact they have had on business, accounting, and GST software providers. GSTR‑3B Locking Mechanism Introduced from July 2025 In 2025, an amendment was introduced regarding how businesses report their taxes using GSTR-3B. Now, the details of sales made by businesses, referred to as...

SAG Infotech: Need Tax Software (Call 0141-4072000)

Search This Blog