Centre may send GST recovery notices to taxpayers pan-india

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Centre is going to send out lakhs of GST recovery notices to taxpayers pan-India. Here are some details 

  • Centre sends out lakhs of GST recovery notices to 2.62 lakh taxpayers pan-India; Rev secy calls urgent revenue augmentation meeting
  • Centre to assess taxpayers with mismatch of declared & paid liability; centre identifies Rs 36,000 cr worth due to Centre on account of mismatch
  • Centre to ask taxpayers to refund Rs 37000 cr where credits were taken on invoices for FY18 & FY19 but were time-barred
  • Centre To reach out the taxpayers for claiming more than 10% of credit due in GSTR2A; estimates Rs 46,000 cr of extra credit already availed by taxpayers

Source: https://twitter.com/CNBCTV18Live/status/1232576494393843712