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 0.77 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 0.77.”
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 whose GSTR 1 and GSTR 2A are not
getting matched also getting notices 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.”
