Introduction
To file the GST returns in accordance with the requirements of the GST law, a person must be registered for GST. However, there may be some circumstances in which you receive an ASMT-10 GST return inspection notice. It gives you access to a notice that the department has issued to verify the accuracy and completeness of your GST returns.
What is GST ASMT 10?
When the tax authorities discover inaccuracies or discrepancies in a registered taxpayer’s GST returns, they will send them a Goods and Services Tax ASMT-10 notification. This notice is used to alert the taxpayer to the differences and ask for an explanation or error correction. A GST Officer has the ability to evaluate the returns based on specific risk parameters in accordance with Section 61 of the CGST Act, 2017, read with Rule 99 of the CGST Rules, 2017. If a disparity is discovered during the assessment, the proper officer must notify the taxpayer in Form GST ASMT-10.
If a disparity is discovered during the assessment, the proper officer must notify the taxpayer in Form GST ASMT-10. The proper officer must notify the taxpayer of the disparity in form Goods and Services Tax ASMT-10 and request an explanation for it within the time frame indicated in the notice, which cannot be longer than 30 days. The notice can also include information on any tax, interest, or other amounts owing as a result of the difference.
Reasons for Issuing GST ASMT-10
When a proper officer discovers a discrepancy when reviewing a return, a GST ASMT-10 is issued. There is no example list of discrepancies where Goods and Services Tax ASMT-10 can be given in Section 61 of the CGST Act, 2017. The proper officer can therefore issue for any difference he notices.
The tax authorities may send a taxpayer a GST ASMT-10 notice for a number of reasons which include:
- Inconsistency between Input Tax Credit (ITC) reported on GSTR-2A/2B and GSTR-3B.
- Tax liability reported in GSTR-1 and GSTR-3B are inconsistent.
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