22 Nov

got notices from gst department we have solution



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



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