BUSINESS

GST: firms get scrutiny notices

GST officers have started sending scrutiny notices to companies whose tax payment did not match the final sales return, after revenue authorities detected underpayment of GST by about 34%, a source said.

Besides, firms whose final sales return GSTR-1 did not match GSTR-2A, which is a purchase return auto-generated by system from his seller’s return, have also received the notices.

As per revenue department’s analysis, in March, 34% of businesses paid Rs. 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B).

The firms had paid Rs. 8.16 lakh crore, whereas analysis showed that their tax liability should have been Rs. 8.50 lakh crore.

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