Swipe through the latest business and wealth clues with our android app

GST officers seek clarification for mismatch in sales returns, e-way bill data

GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated. Revenue authorities have started to reconcile invoices of e-way bills with the sales shown in sales returns under GSTR-1. The e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another. Tax officers have noticed that some transporters are doing multiple trips by generating only a single e-way bill or not reflecting e-way bill invoices while filing sales return. 

©2019 TheNewsClues