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Firms with huge GST input tax credit getting department notice seeking multiple details

GST officials have started sending notices to business firms seeking multiple details where a significant part of their GST liability has been paid using the GST input tax credit or huge variation in turnover figures between GSTR-3B and GSTR-1 have been reported. Notices have also been sent where a wide divergence has been identified in input tax credit between GSTR 2A and GSTR3B. Businesses have also been asked to furnish tax payment challans. The move has irked the business entities and the Institute of Chartered Accountants of India (ICAI), WIRC, has written to tax authorities questioning the practice. 

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