Most notices seem to be based on assumptions and surmises. Taxpayers must be proactive in collating supporting documents and advancing appropriate justifications to defend the notices.
Synopsis
Most notices seem to be based on assumptions and surmises. Taxpayers must be proactive in collating supporting documents and advancing appropriate justifications to defend the notices.
September 2023 marked a month when many taxpayers' offices were flooded with GST show cause notices (SCNs). In FY24, the goods & services tax (GST) enforcement actions are likely to recover tax of over Rs 500 billion, more than double that of FY23. One of the key reasons for this tsunami of SCNs is the "deadline" to issue SCNs for FY 2017-18. The GST has been dynamic since its inception, but one thing that has always remained constant is the