22 Nov
got notices from gst department we have solution
GOT NOTICES FROM GST DEPARTMENT WE HAVE SOLUTION
Hello
I hope you find this article good for your health.
I am writing this email after reading about sending GST
notices to companies across the country.
These notices are being sent mainly because GST tax
credits do not match!
The department is using in-depth analysis tools embedded
in the GSTN software and in this email, I will share the top tips that you can
use to avoid all or most of the problems associated with notices!
Let's talk about everything you need to do to protect your
business
Many problems:
1. Make sure the gst returns are filed within the due
date, using a pretty tabulated approach.
2. Prepare ITC reconciliation at monthly/annual as well as
vendor and invoice level.
3. Ensure proper reconciliation between GSTR 2A vs GSTR 3B
vs ITC Register vs GSTR 8A vs GSTR 9 vs GSTR 9C.
In some cases, and depending on your specific
circumstances, reconciliation should also be done at the EWB level.
4. Calculate ITC eligibility in terms of vendor
registration status, i.e. activation or cancellation, as well as return filing
trend. It is always advisable to check and confirm whether the vendor is
connected to the GSTN base as per the principle of the protective model.
5. It has also been observed that sometimes the
authorities ask the seller to confirm whether the payment has been made within
180 days and also to confirm the HSN / SAC.
6. Some officials may ask you to submit a stock register,
job works the register, vendor register, production register, goods received a
note in addition to ITC register, so it is always better to keep them ready to
be safe.
7. RCM compatibility and RCM compliance verification with
credit note reconciliation are common nowadays.
Sometimes the authorities may ask you to make a sample
copy of the invoice on a monthly basis and sometimes according to the seller.
8. The authorities will ask you to produce a reasonable
number of invoices to guarantee the content of the tax invoice. In addition,
he/she may be asked to confirm the information with EWB mapping.
9. Back-up calculation sheet for GSTR 3B.
10. Accumulated ITC, ineligible ITC, discount as well as
RCM supply, cancellation of EWB and non-reversal of ITC is always a matter of
concern.
By taking care of all the above points, you will be able
to remain calm and stress-free even if you are notified that ITC does not
match. However, if you find specific instances of non-compliance in your
company, we suggest you correct them now.
Your biggest enemy is the mindset: I'll do it if I get a
notice!
Also, contact the Alliance
Tax Experts team whenever you are involved in a GST case and are looking for a
solution.
We will be happy to serve and guide you.
Thanks for reading to the end; See you in the following article
with more important information for your business.
Thanks & Regards
Alliance Tax Experts
9769201316
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