From Jan 1, GST officials can directly recover for mismatch in sales in GSTR-1, 3B
Zee News
Come January 1, GST officers can directly initiate recovery action against errant businesses that show higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.
New Delhi: Come January 1, GST officers can directly initiate recovery action against errant businesses that show higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.
The move will help curb the menace of fake billing whereby sellers would show higher sales in GSTR-1 to enable purchasers to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to lower GST liability.
Under the goods and services tax law, so far, show cause notices were first issued and then recovery process was initiated in such cases of mismatch in GSTR-1 and GSTR-3B.
