A majority of show-cause notices issued to taxpayers under the Goods and Services Tax (GST) regime last year pertained to ‘data discrepancies’ in tax return filings, and efforts are underway to use technology to resolve such mismatches and mitigate the resultant disputes as well as ‘pain points for taxpayers,’ a top indirect tax official said on Tuesday.
The GST Network is working on introducing a new register for addressing the RCM challenges by creating a ledger that reflects all reverse charges liable to be paid, with a functionality to disallow taking ITC beyond what’s available to taxpayers, Shashank Priya said.
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KAMAL NARANG
GST officials issued a little under 1.13 lakh show-cause notices to tax payers in 2023-24, but classification disputes on tax rates were behind just 555 of those notices. “So, policy-level disputes are much less, and it is more the disputes that are relating to how we are doing our data verification,” said Special Secretary…